COMPAGNIE-FINANCIERE-TRADITION

For the second quarter, however, the revenue achieved by the broker fell by 7.7 per cent.

Compagnie Financière Tradition reported consolidated revenue of $232.6 million.

The previous CEO of EMEA at Tullett Prebon will commence his new role in 2020.

However, for the first nine months of 2019, the retail broker managed to report revenue growth.

The broker’s parent company said the increase in revenues was due to an uptick in activity.

Although revenue growth was lower than in the past two quarters, it represents a good start for the year.

Despite sluggish trading volumes, the broker managed to achieve strong results during the year.

Revenue for the fourth quarter of 2018 also increased on a yearly basis.

Revenues for the broker for the first nine months of 2018 was also up by 33 per cent.

The increase in revenue was driven largely by a positive market environment.

The firm saw solid growth in its retail trading business and interdealer brokerage services

The company’s shareholders will vote on the appointment of Eric Solvet

Gaitame.com operating margins dropped by 7 percent over the past year.

Volume remains down YoY, and the monthly improvement can also be attributed to extremely low data during December 2017.

The company’s Japanese retail Fforex revenues dropped 17.5% during the period, limiting the overall performance.

Japanese retail forex traders become more active when monetary policy targets a lower exchange rate.

The retail forex subsidiary weighed on the financials of Compagnie Financière Tradition in the first half of 2017.

CFT explains that the reported revenue remains affected by the weakness of the pound sterling due to Brexit.

The Swiss brokerage is reporting strong growth in 2016 with the Japanese retail segment charging higher.

Compagnie Financière Tradition has reported positive metrics bolstered by a 27% increase in its Japanese retail forex business.

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