Invast Securities’ Revenues Rebound in May, Bouncing Off 2017 Lows

Wednesday, 14/06/2017 | 11:24 GMT by Jeff Patterson
  • Invast secured a recovery in its monthly revenues, despite static margin deposits and low JPY volatility.
Invast Securities’ Revenues Rebound in May, Bouncing Off 2017 Lows
Bloomberg

Invast Securities, a provider of foreign Exchange (FX) margin transaction business, has reported its monthly disclosure for May, which correlated to a rebound off of its 2017 lows. H1 2017 has been characterized by pockets of Volatility , and by extension wavering levels of movement in the Japanese yen, which has impacted trading volumes at Invast, as well as other Japanese brokers.

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In terms of its monthly figures, Invast Securities did sustain some tepid growth in its operating revenues during May 2017. The monthly revenues reading came in at $2.73 million (¥301.0 million), a bounce of 8.3 percent month-over-month from $2.52 million (¥278.0 million) in April 2017. Last month’s figure represented the lowest recorded revenues for the group in 2017 and its worst month since October 2016.

May 2017 did succeed in reversing three consecutive months of declining revenues, which year-to-date has sustained a plunge of 20.1 percent after peaking in January 2017 at $3.46 million (¥381.0 million). The increase of Invast Securities’ revenues in May also corresponded to a yearly jump as well, or +26.5 percent year-over-year from $2.16 million (¥238.0 million) in May 2016.

Furthermore, Invast Securities also reported its total amount of deposited margin, which for the second consecutive month inched higher on a month-over-month basis in May 2017. There was a reading of $659.4 million (¥69.62 billion) in May, essentially unchanged from $654.0 million (¥69.17 billion) in April 2017. Over a yearly timeframe, this figure was marginally lower than the $627.1 million (¥69.72 billion) reported in May 2016.

The level of deposited margin at Invast Securities has also been stagnant in 2017 thus far, refusing to budge out of a tight band – just $19.5 million (¥2.15 billion) of deposited margin differentiates a high (February) and low (March) in 2017.

Moving forward, Invast’s revenues in H2 2017 will likely benefit from improved trading volumes, and in particular a breakout of the Japanese yen, or rather higher volatility across JPY pairs, which have held a narrow trading range during May. Overall however, the trend at Invast Securities in May has been on par with the rest of the industry and other Japanese brokers, a situation that has been exacerbated by difficulties in attracting new clients in times of low volatility.

Invast Securities, a provider of foreign Exchange (FX) margin transaction business, has reported its monthly disclosure for May, which correlated to a rebound off of its 2017 lows. H1 2017 has been characterized by pockets of Volatility , and by extension wavering levels of movement in the Japanese yen, which has impacted trading volumes at Invast, as well as other Japanese brokers.

The London Summit 2017 is coming, get involved!

[gptAdvertisement]

In terms of its monthly figures, Invast Securities did sustain some tepid growth in its operating revenues during May 2017. The monthly revenues reading came in at $2.73 million (¥301.0 million), a bounce of 8.3 percent month-over-month from $2.52 million (¥278.0 million) in April 2017. Last month’s figure represented the lowest recorded revenues for the group in 2017 and its worst month since October 2016.

May 2017 did succeed in reversing three consecutive months of declining revenues, which year-to-date has sustained a plunge of 20.1 percent after peaking in January 2017 at $3.46 million (¥381.0 million). The increase of Invast Securities’ revenues in May also corresponded to a yearly jump as well, or +26.5 percent year-over-year from $2.16 million (¥238.0 million) in May 2016.

Furthermore, Invast Securities also reported its total amount of deposited margin, which for the second consecutive month inched higher on a month-over-month basis in May 2017. There was a reading of $659.4 million (¥69.62 billion) in May, essentially unchanged from $654.0 million (¥69.17 billion) in April 2017. Over a yearly timeframe, this figure was marginally lower than the $627.1 million (¥69.72 billion) reported in May 2016.

The level of deposited margin at Invast Securities has also been stagnant in 2017 thus far, refusing to budge out of a tight band – just $19.5 million (¥2.15 billion) of deposited margin differentiates a high (February) and low (March) in 2017.

Moving forward, Invast’s revenues in H2 2017 will likely benefit from improved trading volumes, and in particular a breakout of the Japanese yen, or rather higher volatility across JPY pairs, which have held a narrow trading range during May. Overall however, the trend at Invast Securities in May has been on par with the rest of the industry and other Japanese brokers, a situation that has been exacerbated by difficulties in attracting new clients in times of low volatility.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
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  • 106 Followers

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