Compagnie Financiere Tradition Records Strong Adjusted Revenue in H1 2018
- The increase in revenue was driven largely by a positive market environment.
Compagnie Financière Tradition (CFT), an interdealer broker, has published its first-half earnings for 2018 this Friday. During this period, the group experienced strong results across the board and strong increases in revenue.
Earlier this year, Finance Magnates reported on the firm’s preliminary second-half results, however, further insight has been provided in the most recent version. In particular, the firm’s adjusted consolidated revenue for the first half of 2018 was CHF 502.7 million ($520.4 million). When compared to the end of June last year, the firm reported a total adjusted revenue of CHF 445.7 million. This is an increase of 11.3 per cent.
This increase in revenue was driven largely by a positive market environment. In addition, CFT’s interdealer broking business (IDB) recruited specialised brokers during the six months ended June 30, 2018. This allowed the firm to reinforce its presence in a number of regions and asset classes.
Consolidated net profit was CHF 33.9 million in the first half of 2018. This is in comparison to CHF 28.6 million which was recorded in the first half of 2017. Net expense came in at CHF 2.3 million during the first half of this year. This is less than half of the net expense experienced in the same time period last year, which was CHF 4.7 million.
CFT Experiences Solid YoY returns for its IDB business and Gaitame.com
When we reported on the preliminary figures back in July, the firm did not provide any precise numbers in regards to its IDB business or its retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term trading business in Japan, Gaitame.com. Today we are pleased to share that the firm has provided slightly more information on the two operations.
During the second half of 2018, for its IDB business, adjusted revenue rose 11.0 per cent to CHF 485.5 million. During the same time, the adjusted revenue for Gaitame.com was up 21.4 per cent to CHF 17.2 million.
These are much better results than those experienced during the second half of 2017. During this period, CFT’s IDB business only rose by 0.8 per cent to reach CHF 431.6 million. Gaitame.com, on the other hand, was actually down by 28.6 per cent year-on-year to CHF 14.1 million. This was due to the low currency volatility in the forex markets in the first half of last year, particularly in the Japanese yen.
Compagnie Financière Tradition (CFT), an interdealer broker, has published its first-half earnings for 2018 this Friday. During this period, the group experienced strong results across the board and strong increases in revenue.
Earlier this year, Finance Magnates reported on the firm’s preliminary second-half results, however, further insight has been provided in the most recent version. In particular, the firm’s adjusted consolidated revenue for the first half of 2018 was CHF 502.7 million ($520.4 million). When compared to the end of June last year, the firm reported a total adjusted revenue of CHF 445.7 million. This is an increase of 11.3 per cent.
This increase in revenue was driven largely by a positive market environment. In addition, CFT’s interdealer broking business (IDB) recruited specialised brokers during the six months ended June 30, 2018. This allowed the firm to reinforce its presence in a number of regions and asset classes.
Consolidated net profit was CHF 33.9 million in the first half of 2018. This is in comparison to CHF 28.6 million which was recorded in the first half of 2017. Net expense came in at CHF 2.3 million during the first half of this year. This is less than half of the net expense experienced in the same time period last year, which was CHF 4.7 million.
CFT Experiences Solid YoY returns for its IDB business and Gaitame.com
When we reported on the preliminary figures back in July, the firm did not provide any precise numbers in regards to its IDB business or its retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term trading business in Japan, Gaitame.com. Today we are pleased to share that the firm has provided slightly more information on the two operations.
During the second half of 2018, for its IDB business, adjusted revenue rose 11.0 per cent to CHF 485.5 million. During the same time, the adjusted revenue for Gaitame.com was up 21.4 per cent to CHF 17.2 million.
These are much better results than those experienced during the second half of 2017. During this period, CFT’s IDB business only rose by 0.8 per cent to reach CHF 431.6 million. Gaitame.com, on the other hand, was actually down by 28.6 per cent year-on-year to CHF 14.1 million. This was due to the low currency volatility in the forex markets in the first half of last year, particularly in the Japanese yen.