Compagnie Financiere Tradition Posts Financial Results for Q3 2021

Compagnie Financiere Tradition (CFT), one of the world's top interdealer broking firms, with a presence in 30 countries, posted its financial results for the third quarter of 2021, showing a jump in revenue from the corresponding period in 2020.

More specifically, the broker registered a revenue of CHF 202.6 million, up 6.5% at constant exchange rates from Q3 2020's CHF 185.7 million. On an adjusted basis, revenue stood at CHF 220.5 million, 6.6% higher than the same period of 2020.

Moreover, on a YoY basis, the company detailed that the adjusted revenue from its interdealer business (IDB) went up by 6.3% in this quarter, while figures generated by the forex trading business for retail investors in Japan (non-IDB) increased by 14%, both at constant exchange rates.

​In terms of nine months of 2021, the broker reported a revenue of CHF 654.6 million, decreased by 5.4% compared with the prior year's CHF 698.5 million.

“In the context of normalization of activity and after a decrease in the first semester [of] 2021 compared to the exceptional volumes observed in the early stages of the health crisis, activity in the third quarter was up compared to the same period last year,” the company commented on these results.