Gaitame.com Annual Results Reveal a Tough Year for Japanese FX Brokers

[kreslik.news]

If you were wondering how bad was last year for Japanese brokers as the volatility in the FX markets collapsed, the annual report of Compagnie Financiere Tradition (CFT) sheds some light on the issue. The company has reported that its retail forex subsidiary Gaitame.com had a difficult year in 2017.

The report shows revenues in the first quarter of the year declining by 23.1 percent in constant currencies to $29 million (CHF 27.5 million). Underlying operating profits collapsed to $7.8 million (CHF 7.4 million), a figure that is about 40 percent lower year-on-year.

The underlying operating margin of ... (read more)