Swiss interdealer broker Compagnie Financière Tradition today provided a revenue update for the three-month period to the end of September 2025.

Consolidated revenue, including the share of joint ventures, reached CHF 278.3 million in the third quarter of 2025, up 9.4% at constant exchange rates (compared with CHF 272.3 million in 2024). Reported performance was tempered by the strengthening of the Swiss franc since the beginning of the year, particularly against the US dollar.

The IDB business recorded growth of 10.7% at constant exchange rates, driven by the expansion across all regions and asset classes. Activity, which was stronger in July and September, continued its positive trajectory into October.

Meanwhile, the Non-IDB business, which serves retail clients in Japan, declined by 25.3% at constant exchange rates during the quarter, reflecting a marked slowdown in the sector over July and August, before returning to growth in September, a trend that continued into October.

For the first nine months of the year, Compagnie Financière Tradition reported consolidated revenue, including the share of joint ventures, of CHF 910.4 million, compared with CHF 849.3 million for the same period in 2024, an increase of 11.3% at constant exchange rates.