Swiss interdealer broker Compagnie Financière Tradition activity grew in the year with reported consolidated revenue of CHF 947.4 million compared with CHF 873.6 million in 2021, up 10.5% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 8.4%.
For the same period, the Group’s consolidated adjusted revenue was CHF 1,028.6 million, compared with CHF 950.8 million in 2021, an increase of 10.6% at constant exchange rates.
The adjusted revenue from interdealer broking business (IDB) was up 10.4% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 14.6%. At current exchange rates, consolidated adjusted revenue increased by 8.2%, with IDB up 8.5% and Non-IDB up 0.3% respectively, due to the weakening of the Japanese currency during the year.
After an increase of 7.7% in constant currencies during the first semester, the consolidated adjusted revenue was up 13.8% in constant currencies in the second half of the year compared with the equivalent period in 2021, with IDB up 13.9% and Non-IDB up 11.9%.
Finally, in the fourth quarter, reported consolidated revenue was CHF 231.1 million compared with CHF 219.0 million in the fourth quarter of 2021, representing an increase of 8.9% in constant currencies.
The Group’s consolidated adjusted revenue was CHF 250.9 million against CHF 239.3 million in 2021, up 8.7% in constant currencies with IDB up 8.8% and Non-IDB up 5.9%. At current exchange rates, consolidated adjusted revenue increased by 4.8%, with IDB up 5.5% and Non-IDB down 11.4%.
