Following on from a weak performance in April, Invast Securities, a retail broker headquartered in Japan, has reported its operating results for the month of May.
The month of April was a sluggish month for the foreign exchange (forex) industry on a global scale, with low volatility dragging trading volumes down. In May, however, many trading providers have reported an uptick in trading volumes.
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Invest Securities, however, is not among the firms that reported a recovery in May. In fact, its results in May are even weaker than that in April. Specifically, the company reported operating revenue of ¥381 million ($3.5 million).
Not only is this lower than April’s operating revenue of ¥382 million by 0.3 per cent, but it is also the lowest operating revenue reported since September of 2018 – taking away the title from the previous month.
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When measuring May of 2019’s figure against the same period of the previous year – May of 2018, the numbers paint a different picture. This is because May of 2018 achieved operating revenue of ¥335 million. This means last months figure increased by 13.7 per cent year-on-year.
Deposited Margin Drops MoM in May on Invast Securities
In addition to operating revenue falling during the month of May on a month-on-month comparison, the total amount of deposited margin has followed the same trend and fallen against April on the retail broker.
Coming in at ¥77.9 billion in May, the total amount of deposited margin on Invast Securities fell by around 0.9 per cent when measured against the almost ¥78.7 billion of deposited margin reported in April.
Nonetheless, the situation isn’t completely bleak for the Japan-headquartered broker, as it is still higher on a yearly comparison. Specifically, because May of 2018’s total deposited margin was ¥74.7, last month’s figure has risen by 4.3 per cent.