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Compagnie Financiere Tradition history
Compagnie Financiere Tradition company history timeline
LLC. Created in 1878, Asiel had been a founding member of the N ew York Stock Exchange.
Viel & Cie was founded in Paris in 1920 and operated as a financial broker, with a specialty as a broker for the Parisian money market.
1962: Viel & Cie goes public on the Paris Stock Exchange.
In 1982, for example, the company began brokering interest rate options, becoming the first in France t o take on this niche.
In 1987, the company expanded into the brokering of treasu ry bills, which required a doubling of the company's size.
In 1988, CFT itself became part of Banque Pallas Stern (BPS), which acquired a 61 percent stake.
1996: The company acquires control of Compagnie Financiere Tra dition of Switzerland and becomes the top continental European broker and one of the top five worldwide.
The company increased its technology capabilities with the creation of a joint venture with Vo lbrokers in 2001.
By the end of 2004, the company further enhanced its United States presence th rough the acquisition of Chapdelaine & Co., based in New York, wi th offices in Chicago, Palm Beach, and Long Island.
"Viel & Cie ." International Directory of Company Histories. . Retrieved May 24, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/viel-cie
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