Compagnie
Financière Tradition (CFT), an inter-dealer broker and operator of a Japanese
retail forex trading platform Gaitame, reported an 11.8% increase in
first-quarter revenue at constant exchange rates, reaching CHF 322.0 million
(USD 354 million). This growth extends the company’s multi-year positive
revenue trend.
Compagnie Financière
Tradition Posts 11.8% Q1 Revenue Rise
CFT’s
revenue, which includes the share of joint ventures, climbed 13.5% at current
exchange rates compared to the same period last year. On a reported basis under
IFRS, revenue rose 10.9% to CHF 294.7 million (USD 324 million), compared
to CHF 265.6 million (USD 292.2 million) reported in the same period year
earlier.
The group’s
core interdealer broking business (IDB) saw its revenue rise by 10.1% at
constant exchange rates to CHF 309.5 million (USD 340.5 million). Meanwhile,
activity from retail investors (non-IDB) delivered the sharpest increase, with
revenue up 77.6% at constant exchange rates to CHF 12.5 million (USD 13.8
million).
CFT
attributed this surge to the integration of Money Partners Group into
Gaitame.com, following its acquisition in December. This move further
consolidates Gaitame.com’s presence in the Japanese online brokerage market.
Throughout
2024, the
company also reported revenue growth, increasing by 7% in current
currencies and over 10% in constant currencies, respectively.
Compagnie
Financière Tradition SA is traded on the SIX Swiss Exchange under the ticker
CFT. On Wednesday, April 30, 2025, the company’s stock price rose to CHF 218,
closing at a record high.
This article was written by Damian Chmiel at www.financemagnates.com.
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