Invast Securities Reports Mixed Business Metrics in June
After noting a weak performance in the month of May, Invast Securities, a retail broker headquartered in Japan, has reported its operating results for the sixth month of the year – June.
In June, the retail broker reported a mixed performance. During the month, Invast Securities achieved an operating revenue of ¥361 million ($3.3 million). When measuring this against May, which had an operating revenue of ¥381 million, it is lower by 5.25 per cent.
The FX Industry Demands the Best – London Summit 2019
Despite the fact that June’s value is lower on a month-on-month comparison, it does hold up when measured against the same month of the previous year, which had an operating revenue of ¥358 million, last month’s value is slightly higher by 0.84 per cent.
Nonetheless, the operating revenue reported in June is the lowest value achieved so far this year. In 2019, January has so far achieved the highest value and May reported the second-lowest, only in front of June.
The total amount of deposited margin, however, did manage to increase on a monthly comparison. Specifically, it climbed by 4.21 per cent from ¥77.99 billion in May to ¥81.3 billion in June 2019.
Last month’s figure also manages to withhold its ground when weighing it against June of last year. This is because June 2018 recorded a total amount of deposited margin of ¥75.77 billion. Therefore, June of 2019’s value has risen 7.26 per cent year-on-year.
Summer lull weighs on markets
The performance of Invast Securities during June could have been weighed down by lower volatility which is characteristic of the summer months. As Finance Magnates has reported, numerous trading providers have reported either weak or mixed results during the month, such as Saxo Bank.
Another trading provider to report mixed metrics in June was Euronext’s FastMatch which incurred a year-over-year decline but managed to secure some growth over May’s metrics.
Source: Read Full Article