Swiss interdealer broker Compagnie Financière Tradition today provided a trading update for the first three months of 2023.
The company said the level of activity for the first quarter continued along the lines of last year, with consolidated adjusted revenue growing 13.0% for the period at constant exchange rates, driven by central bank monetary tightening policy to combat stubborn inflation.
Against this backdrop, Compagnie Financière Tradition reported consolidated revenue of CHF 271.6m in the first quarter 2023 compared with CHF 247.7m in same period in 2022, up 9.6% at current exchange rates. At constant exchange rates, consolidated revenue presented an increase of 14.3%.
In the first…
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