The Swiss Group's Non-IFRS revenue from its Inter-Dealer Brokering business was down 5.2% in constant currencies compared to last year, while its retail Forex trading business in Japan was up 17.6% YOY.
Switzerland-based capital markets interdealer broker, Compagnie Financière Tradition has today, January 23, released its non-IFRS revenue for the year of 2013, showing a consecutive yearly drop in revenues.
The Group announced a consolidated IFRS revenue of CHF 874.4m at the conclusion of 2013 compared with CHF 958.4m in 2012, a decrease of 8.8% at current exchange rates or 5.7% in constant currencies.
Compagnie Financière Tradition additionally reported lower activity levels in the second half of the year compared with the equivalent period in 2012, with consolidated non-IFRS revenue down 4.9% in constant currencies. In the fourth quarter, consolidated non-IFRS revenue was CHF 206.2m, down 4.1% in constant currencies from Q42012.
In the announcement, the Group explains the continued weak results by saying that last year remained characterized by challenging market conditions, particularly as a result of remaining uncertainty regarding regulation of OTC derivatives markets. Compagnie Financière Tradition operates a Swap Execution Facilities (SEF) since the CFTC’s final rules came into effect on October 2nd, 2013, but mentions that a number of required clarifications have continued to negatively impact the trading volume in the second half of the year.
For the whole of 2013, the Group’s consolidated non-IFRS revenue was CHF 934.1m, compared with CHF 1,017.5m in 2012, a decrease of 4.7% at constant exchange rates. The non-IFRS revenue from Inter-Dealer Broking business (IDB) was down 5.2% in constant currencies, while the Forex trading business for retail investors in Japan (Non-IDB) was up 17.6%.
The geographic breakdown of the Group's consolidated IFRS and non-IFRS revenue:
Switzerland-based capital markets interdealer broker, Compagnie Financière Tradition has today, January 23, released its non-IFRS revenue for the year of 2013, showing a consecutive yearly drop in revenues.
The Group announced a consolidated IFRS revenue of CHF 874.4m at the conclusion of 2013 compared with CHF 958.4m in 2012, a decrease of 8.8% at current exchange rates or 5.7% in constant currencies.
Compagnie Financière Tradition additionally reported lower activity levels in the second half of the year compared with the equivalent period in 2012, with consolidated non-IFRS revenue down 4.9% in constant currencies. In the fourth quarter, consolidated non-IFRS revenue was CHF 206.2m, down 4.1% in constant currencies from Q42012.
In the announcement, the Group explains the continued weak results by saying that last year remained characterized by challenging market conditions, particularly as a result of remaining uncertainty regarding regulation of OTC derivatives markets. Compagnie Financière Tradition operates a Swap Execution Facilities (SEF) since the CFTC’s final rules came into effect on October 2nd, 2013, but mentions that a number of required clarifications have continued to negatively impact the trading volume in the second half of the year.
For the whole of 2013, the Group’s consolidated non-IFRS revenue was CHF 934.1m, compared with CHF 1,017.5m in 2012, a decrease of 4.7% at constant exchange rates. The non-IFRS revenue from Inter-Dealer Broking business (IDB) was down 5.2% in constant currencies, while the Forex trading business for retail investors in Japan (Non-IDB) was up 17.6%.
The geographic breakdown of the Group's consolidated IFRS and non-IFRS revenue:
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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