Swiss interdealer broker also saw solid performance in the second quarter, with a 14.4% increase.
Despite currency headwinds, the company reported growth across all regions.
Compagnie Financiere Tradition
Compagnie
Financière Tradition (CFT), a global interdealer broker based in Switzerland,
announced today (Thursday) an increase in revenue to CHF 577.0 million for the first half of 2024, driven by strong
performance across all regions and most asset classes.
Compagnie Financière
Tradition Reports Revenue Growth in Q2 and H1 2024
The
Swiss-based company reported adjusted revenue, including joint ventures, of CHF 577.0
million for the six months ended June 30, up from CHF 552.4 million in the same
period last year. The company's core interdealer broking (IDB) business led the
growth, with revenue increasing 9.4% at constant exchange rates to CHF 560.3
million. The retail investors segment (Non-IDB) also showed improvement,
growing 4.9% to CHF 16.7 million.
Michael Anderson, the CEO of CFT
However,
reported revenue figures were impacted by currency fluctuations, particularly
the strengthening of the Swiss franc against the Japanese yen. As a result,
reported revenue under IFRS standards increased by 4.6% to CHF 537.1 million.
"Consolidated revenue continued to
be impacted by a currency effect compared to the first semester of 2023 due to
the strengthening of the Swiss franc, notably against the Japanese yen," the company commented.
The second
quarter also saw robust growth, with revenue surging 14.4% to CHF293.2 million.
The IDB segment posted a 14.7% increase, while the Non-IDB business grew by
7.0%.
For comparison, CFT generated revenue of CHF 265.6 million between January and March. Including contributions from a joint venture, the group's quarterly revenue increased to CHF 283.8 million, down slightly from CHF 290.5 million in the same period the previous year.
Compagnie
Financière Tradition, which employs over 2,400 people in more than 30
countries, provides broking and data services for a wide range of financial and
non-financial products. The company is listed on the SIX Swiss Exchange.
Continued Growth into 2024
Following a Strong 2023
The
positive performance this year follows impressive results from the previous
year. According to the CFT report from March, the company concluded 2023 with a
pre-tax profit of CHF 127.2 million, an increase of 16.1 percent, against its
annual IFRS revenue of CHF 982.4 million. The net profit was reported at CHF
94.4 million, up by 15.9 percent.
Official
data further indicates that the IFRS operating profit reached CHF 105.5
million, marking a 19.7 percent rise from the prior year, with the operating
margin improving to 10.7 percent from 9.9 percent. Revenue from joint ventures
surpassed CHF 1.05 billion, reflecting a 9.5 percent growth year-over-year.
Operating profit rose by 17.1 percent to CHF 127.7 million, while the operating
margin increased to 12.1 percent from 11.4 percent the year before.
Meanwhile, the
Swiss interdealer broker and operator of a Japanese retail forex platform has
bolstered its executive team by naming Michel Everaert as the Global Head of
E-Commerce and Digitalization. In his new capacity, Everaert spearheads the
company's digital strategies and fast-track its integration of high-tech
solutions in a customer-centric approach.
Compagnie
Financière Tradition (CFT), a global interdealer broker based in Switzerland,
announced today (Thursday) an increase in revenue to CHF 577.0 million for the first half of 2024, driven by strong
performance across all regions and most asset classes.
Compagnie Financière
Tradition Reports Revenue Growth in Q2 and H1 2024
The
Swiss-based company reported adjusted revenue, including joint ventures, of CHF 577.0
million for the six months ended June 30, up from CHF 552.4 million in the same
period last year. The company's core interdealer broking (IDB) business led the
growth, with revenue increasing 9.4% at constant exchange rates to CHF 560.3
million. The retail investors segment (Non-IDB) also showed improvement,
growing 4.9% to CHF 16.7 million.
Michael Anderson, the CEO of CFT
However,
reported revenue figures were impacted by currency fluctuations, particularly
the strengthening of the Swiss franc against the Japanese yen. As a result,
reported revenue under IFRS standards increased by 4.6% to CHF 537.1 million.
"Consolidated revenue continued to
be impacted by a currency effect compared to the first semester of 2023 due to
the strengthening of the Swiss franc, notably against the Japanese yen," the company commented.
The second
quarter also saw robust growth, with revenue surging 14.4% to CHF293.2 million.
The IDB segment posted a 14.7% increase, while the Non-IDB business grew by
7.0%.
For comparison, CFT generated revenue of CHF 265.6 million between January and March. Including contributions from a joint venture, the group's quarterly revenue increased to CHF 283.8 million, down slightly from CHF 290.5 million in the same period the previous year.
Compagnie
Financière Tradition, which employs over 2,400 people in more than 30
countries, provides broking and data services for a wide range of financial and
non-financial products. The company is listed on the SIX Swiss Exchange.
Continued Growth into 2024
Following a Strong 2023
The
positive performance this year follows impressive results from the previous
year. According to the CFT report from March, the company concluded 2023 with a
pre-tax profit of CHF 127.2 million, an increase of 16.1 percent, against its
annual IFRS revenue of CHF 982.4 million. The net profit was reported at CHF
94.4 million, up by 15.9 percent.
Official
data further indicates that the IFRS operating profit reached CHF 105.5
million, marking a 19.7 percent rise from the prior year, with the operating
margin improving to 10.7 percent from 9.9 percent. Revenue from joint ventures
surpassed CHF 1.05 billion, reflecting a 9.5 percent growth year-over-year.
Operating profit rose by 17.1 percent to CHF 127.7 million, while the operating
margin increased to 12.1 percent from 11.4 percent the year before.
Meanwhile, the
Swiss interdealer broker and operator of a Japanese retail forex platform has
bolstered its executive team by naming Michel Everaert as the Global Head of
E-Commerce and Digitalization. In his new capacity, Everaert spearheads the
company's digital strategies and fast-track its integration of high-tech
solutions in a customer-centric approach.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
