Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, reported a consolidated revenue was CHF 231.1 for the fourth quarter of 2022. The figure jumped from CHF 219 million generated in the last three months of the previous year, with a year-over-year increase of 8.9 percent on a constant currency basis.
The consolidated adjusted revenue of the group came in at CHF 250.9 million, according to the official figures shared with Finance Magnates. It jumped from CHF 239.3 million in Q4 2021, showcasing an 8.7 percent increase in constant currency basis and 4.8 percent at the current exchange rate.
CFT divides its business into two primary divisions, the interdealer broking business (IDB) and the non-interdealer broking business, which is its retail forex trading
Forex Trading
Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying
Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying
Read this Term business in Japan under the brand Gaitame.
Though the group did not disclose the figures from its two business divisions separately, it highlighted that the consolidated adjusted revenue from its IDB business jumped by 8.8 percent and the non-IDB area by 5.9 percent in constant currencies. Considering current exchange rates, IDB business jumped by 5.5 percent, whereas non-IDB declined by 11.4 percent.
Check out the FMLS22 session on “Mixed Trends.”
Solid Yearly Performance
CFT also highlighted that its consolidated revenue for the entire year came in at CHF 947.4 million. Compared to the previous year’s CHF 873.6 million, the figure improved by 10.5 percent in constant currencies and 8.4 percent at the current exchange rate.
It closed the year with a consolidated adjusted revenue of about CHF 1.03 billion, an increase of 10.6 percent at a constant rate from the previous year. The adjusted revenue from IDB was 10.4 percent in constant currencies in the year, whereas non-IDB jumped by 14.6 percent.
Its yearly performance was boosted by a revenue uptick in three quarters. It generated consolidated revenue of CHF 232.4 million in Q3, a 19.2 percent year-over-year at a constant exchange rate. Its revenue in the year’s first half came in at CHF 483.9 million, a 7.5 percent jump in constant currencies as revenue from Japan’s Gaitame jumped in Q1.
Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, reported a consolidated revenue was CHF 231.1 for the fourth quarter of 2022. The figure jumped from CHF 219 million generated in the last three months of the previous year, with a year-over-year increase of 8.9 percent on a constant currency basis.
The consolidated adjusted revenue of the group came in at CHF 250.9 million, according to the official figures shared with Finance Magnates. It jumped from CHF 239.3 million in Q4 2021, showcasing an 8.7 percent increase in constant currency basis and 4.8 percent at the current exchange rate.
CFT divides its business into two primary divisions, the interdealer broking business (IDB) and the non-interdealer broking business, which is its retail forex trading
Forex Trading
Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying
Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying
Read this Term business in Japan under the brand Gaitame.
Though the group did not disclose the figures from its two business divisions separately, it highlighted that the consolidated adjusted revenue from its IDB business jumped by 8.8 percent and the non-IDB area by 5.9 percent in constant currencies. Considering current exchange rates, IDB business jumped by 5.5 percent, whereas non-IDB declined by 11.4 percent.
Check out the FMLS22 session on “Mixed Trends.”
Solid Yearly Performance
CFT also highlighted that its consolidated revenue for the entire year came in at CHF 947.4 million. Compared to the previous year’s CHF 873.6 million, the figure improved by 10.5 percent in constant currencies and 8.4 percent at the current exchange rate.
It closed the year with a consolidated adjusted revenue of about CHF 1.03 billion, an increase of 10.6 percent at a constant rate from the previous year. The adjusted revenue from IDB was 10.4 percent in constant currencies in the year, whereas non-IDB jumped by 14.6 percent.
Its yearly performance was boosted by a revenue uptick in three quarters. It generated consolidated revenue of CHF 232.4 million in Q3, a 19.2 percent year-over-year at a constant exchange rate. Its revenue in the year’s first half came in at CHF 483.9 million, a 7.5 percent jump in constant currencies as revenue from Japan’s Gaitame jumped in Q1.
Source link
