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Swiss interdealer broker connecting banks and financial institutions to trade bonds, currencies, derivatives and other instruments.
Swiss interdealer broker connecting banks and financial institutions to trade bonds, currencies, derivatives and other instruments.
Brokers match banks' trades in rates, currency, credit and energy and are paid a commission on each deal, with revenue driven by market volumes and volatility. Its brokers are paid heavily on commission, so staff retention matters as much as technology. Viel & Cie of France is the controlling shareholder.
In one line: An interdealer broker like a smaller BGC Partners/Tradeweb hybrid.
Moat: narrow (network effects, installed base, scale). Deep liquidity/relationship network among banks creates switching costs, though electronic trading is disintermediating voice broking.
Headquarters: Pully, Switzerland · Founded: 1959 · Employees: 2,500
Size Compagnie Financiere Tradition (CFT.SW) is a Switzerland Financials company (Investment Banks/Brokers) with a market value of $2.37B, the 86th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 246.00 on 6 Nov 2026.
Performance Over six months the shares fell 15.0%, against -11.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 3.4% over the last twelve months (peer median +14.2%); the operating margin is 14.2% (peer median 32.5%).
Valuation It trades at 13.1× forward earnings against a peer median of 12.9× (8th cheapest of 15).
Credit Compagnie Financiere Tradition has 1 bond outstanding ($122M) and trading like BB at a weighted spread of 138 bp.
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.14B | CHF 1.12B | CHF 1.06B | CHF 983M | CHF 965M |
| Revenue growth | — | +6% | +7% | +2% | — |
| EBITDA | CHF 183M | CHF 183M | CHF 149M | CHF 129M | CHF 121M |
| Net income | CHF 143M | CHF 134M | CHF 116M | CHF 94.4M | CHF 89.1M |
| Free cash flow | CHF 116M | CHF 122M | CHF 122M | CHF 138M | CHF 148M |
| Capital expenditure | CHF 19.3M | CHF 20.1M | CHF 7.57M | CHF 6.63M | CHF 5.79M |
| Total debt | n/a | CHF 257M | CHF 350M | CHF 256M | CHF 281M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Compagnie Financiere Tradition CFT.SW | $2.37B | -15% | +3% | 14% | 13.1× | n/a |
| BGC BGC | $4.89B | -8% | +28% | 9% | 7.1× | n/a |
| TP ICAP TCAP.L | $2.97B | -1% | +4% | 11% | 8.9× | n/a |
| Tradeweb Markets TW | $29.7B | +17% | +14% | 44% | 27.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CFT.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | -4.6% | 5th highest of 21 |
| 6-month return | -15.0% | -11.8% | 8th lowest of 20 |
| Distance from 52-week high | -23.8% | -26.5% | 10th highest of 21 |
| Revenue growth (TTM) | +3.4% | +14.2% | 8th lowest of 21 |
| Operating margin | 14.2% | 32.5% | 3rd lowest of 20 |
| Forward P/E | 13.1× | 12.9× | 8th cheapest of 15 |
| Bond spread | 138 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compagnie Financiere Tradition CFT.SW | Switzerland | $2.37B | -15% | +3% | 14% | 13.1× | n/a | n/a |
| UOB-Kay Hian U10.SI | Singapore | $2.36B | -29% | +36% | 42% | 9.4× | n/a | n/a |
| President Securities 2855.TW | Taiwan | $2.34B | +24% | +796% | 32% | n/a | n/a | n/a |
| Northeast Securities 000686.SZ | China | $2.52B | -17% | +1% | 23% | 11.1× | n/a | n/a |
| CMC Markets CMCX.L | United Kingdom | $2.54B | +79% | +16% | 27% | 10.5× | n/a | n/a |
| Central China Securities 601375.SS | China | $2.19B | -6% | +35% | 32% | 29.3× | n/a | n/a |
| Aozora Bank 8304.T | Japan | $2.60B | +17% | +12% | 29% | 14.4× | n/a | n/a |
| Lincoln International LCLN | United States | $2.65B | n/a | +35% | 28% | 18.3× | n/a | n/a |
| Oshidori International 0622.HK | Hong Kong | $2.67B | +52% | +71% | 47% | n/a | n/a | n/a |
| Metaplanet 3350.T | Japan | $2.05B | -27% | +290% | 62% | n/a | n/a | n/a |
| Shanxi Securities 002500.SZ | China | $2.73B | -10% | -3% | 28% | 16.4× | n/a | n/a |
| Capital Securities 6005.TW | Taiwan | $2.04B | -7% | +81% | 46% | n/a | n/a | n/a |
| flatexDEGIRO FTK.DE | Germany | $2.78B | -27% | +20% | 45% | 11.1× | n/a | n/a |
| Yongan Futures 600927.SS | China | $2.83B | -12% | -139% | n/a | 24.3× | n/a | n/a |
| Shanghai Chinafortune 600621.SS | China | $1.97B | -12% | -5% | 25% | 15.6× | n/a | n/a |
| Guosheng Securities 002670.SZ | China | $2.92B | -20% | -11% | 11% | n/a | n/a | n/a |
| Central Depository Services (India) CDSL.NS | India | $2.95B | +5% | +3% | 50% | 52.1× | n/a | n/a |
| TP ICAP TCAP.L | United Kingdom | $2.97B | -1% | +4% | 11% | 8.9× | n/a | n/a |
| Nanhua Futures 2691.HK | Hong Kong | $1.86B | -17% | -24% | 47% | 5.8× | n/a | n/a |
| HUAXI Securities 002926.SZ | China | $3.01B | -12% | +10% | 36% | 11.4× | n/a | n/a |
| Tata Investment TATAINVEST.NS | India | $3.06B | -22% | +18% | 89% | n/a | n/a | n/a |
Compagnie Financiere Tradition has 1 bond outstanding with $122M face value. Weighted yield 1.68%, a spread of 138 bp over government bonds.