Japanese business up

Compagnie Financiere Tradition Reports Revenue Rising in Q1 2015

Revenues from the company’s retail foreign exchange business in Japan have spiked higher by 29.3% when compared to last year

According to an official announcement by inter-dealer broker Compagnie Financière Tradition, revenues for the first quarter increased to CHF 227.3 million ($237.7 million), marking a rise of 2.5% at current exchange rates and 2.8% in constant currencies.

For the first quarter, the Group’s consolidated adjusted revenue was CHF 243.1 million ($254.2 million). The figure is higher by 3.4% at constant exchange rates.

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The adjusted revenue from Tradition’s inter-dealer broking business (IDB) was up by 2.8% in constant currencies, while the forex trading business for retail investors in Japan (Non-IDB) was up 29.3%.

Compagnie Financière Tradition SA is one the largest inter-dealer brokers for over-the-counter (OTC) financial and commodity related products. The firm provides services for money market products, bonds, interest rates, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures as well as non-financial products such as energy, environmental products and precious metals.

The company is listed on the SIX Swiss Exchange. As of the beginning of 2015, the company’s stock value increased by 54%, currently trading at CHF 65.25 per share.

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