Invast Securities, a retail broker, headquartered in Japan, has reported its operating results for the month of April, joining a large group of trading providers who reported weak results during the fourth month of the year.
In the month of April, Invast Securities reported operating revenue of ¥382 million. Not only is this the weakest result the broker has reported all year, but it is also the lowest value since September of last year.
When comparing April’s figure , which had operating revenue of ¥429 million, operating revenue fell by 10.96 per cent. However, where many trading providers recorded both monthly and yearly declines, April of 2019’s figure is quite strong for the retail broker, as it has managed to increase 41.48 per cent year-on-year.
In addition to operating revenue falling during the month of April on a monthly comparison, the total amount of deposited margin has followed the same trend.
Coming in at ¥78.7 billion in April the total amount of deposited margin fell by around 4 per cent when measured against the almost ¥82 billion of deposited margin reported in the month of March.
Nonetheless, the situation isn’t completely bleak for the Japan-headquartered broker, as it is still higher on a yearly comparison. Specifically, because April of 2018’s total deposited margin was ¥74.7, last month’s figure has risen by 5.3 per cent.
FX Trading Suffers in April
The overall market trend during the month of April was that trading volumes fell, with some trading providers reporting their weakest foreign exchange (forex) trading volumes in years. This was largely due to low volatility, which has been weighing on markets for the first four months of the year.
As over the past month, some of the trading providers that have been affected are Cboe, which reported its in almost two years, , , GAIN Capital and more.
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