Compagnie Financière Tradition, the Lausanne-based moneybroker that has been building up a stake in IFX, the UK financial spread-betting company, said first quarter revenues grew 28.3% for the three months to March 31.

Revenues for the first quarter were Sfr 295.9 million (€189.6m), up by nearly a third from Sfr 230.6 million a year ago.