Invast Securities Buys FX Client Base of Star-Kawasa & Mita Securities

by Ron Finberg
Invast Securities Buys FX Client Base of Star-Kawasa & Mita Securities

Japanese Broker Invast Securities announced that it will purchase the client base of Star-Kawase Securities and Mita Securities. The deal will strengthen Invast’s client exposure among multiple asset classes, as the acquired brokers were servicing the Click 365, Kabu 365, and OTC FX markets. (Click 365 and Kabu 365 are the Exchange traded FX and Equity Index product lines of the Tokyo Financial Exchange.)

According to Takeshi Kawaji, President and CEO of Invast Securities, “Star has about $350 million of clients deposit, and Mita has about $72 million. After this transaction, with $654 million of Invast deposit, Invast will become a broker with clients deposit of over $1 billion.”

The news follows a July announcement from Invast that they hit 20,000 accounts using the Mirror Trader from Tradency. On this business segment, Kawaji added “We are planning to introduce Mirror Trader to those clients as well as some other new services that we are currently planning.”

It is worth noting that Invast Securities is one of the few Japanese brokers to be reporting profit growth, as much of the industry has been seeing a decline in earnings. The revenue drop has led to a wave of consolidation in the Japane Forex industry; most recently seen in August as Japan’s largest two forex brokers, GMO Click and DMO were acquirers.

August 31, 2012

Notice of Basic Agreement on Invast Securities' Succession of a Part of the Business Operations of the Star Kawase Securities through its Corporate Partition (Simplified Absorption) and the Succession of a Part of the Business Operations of Mita Securities through its Corporate Partition (Simplified Absorption)

Invast Securities Co., Ltd. (Invast Securities) announced today that a meeting of the Board of Directors held today has resolved the conclusion of a basic agreement on the Company's succession of the Click 365 (*1), Kabu 365 (*2) and OTC FX (*3) businesses of Star Kawase Securities Co., Ltd. through its corporate partition, based on a simplified absorption.

Invast Securities also announced today that a meeting of the Board of Directors held today has resolved the conclusion of an agreement on the Company's succession of the Click 365 businesses of Mita Securities Co., Ltd. through its corporate partition, based on a simplified absorption. Details are as follows.

*1 The Exchange Forex Margin Contracts, FX, provided by Tokyo Financial Exchange. *2 The Exchange Equity Index Margin Contracts, CFD, provided by Tokyo Financial Exchange. *3 The over-the-counter foreign exchange margin trading

Japanese Broker Invast Securities announced that it will purchase the client base of Star-Kawase Securities and Mita Securities. The deal will strengthen Invast’s client exposure among multiple asset classes, as the acquired brokers were servicing the Click 365, Kabu 365, and OTC FX markets. (Click 365 and Kabu 365 are the Exchange traded FX and Equity Index product lines of the Tokyo Financial Exchange.)

According to Takeshi Kawaji, President and CEO of Invast Securities, “Star has about $350 million of clients deposit, and Mita has about $72 million. After this transaction, with $654 million of Invast deposit, Invast will become a broker with clients deposit of over $1 billion.”

The news follows a July announcement from Invast that they hit 20,000 accounts using the Mirror Trader from Tradency. On this business segment, Kawaji added “We are planning to introduce Mirror Trader to those clients as well as some other new services that we are currently planning.”

It is worth noting that Invast Securities is one of the few Japanese brokers to be reporting profit growth, as much of the industry has been seeing a decline in earnings. The revenue drop has led to a wave of consolidation in the Japane Forex industry; most recently seen in August as Japan’s largest two forex brokers, GMO Click and DMO were acquirers.

August 31, 2012

Notice of Basic Agreement on Invast Securities' Succession of a Part of the Business Operations of the Star Kawase Securities through its Corporate Partition (Simplified Absorption) and the Succession of a Part of the Business Operations of Mita Securities through its Corporate Partition (Simplified Absorption)

Invast Securities Co., Ltd. (Invast Securities) announced today that a meeting of the Board of Directors held today has resolved the conclusion of a basic agreement on the Company's succession of the Click 365 (*1), Kabu 365 (*2) and OTC FX (*3) businesses of Star Kawase Securities Co., Ltd. through its corporate partition, based on a simplified absorption.

Invast Securities also announced today that a meeting of the Board of Directors held today has resolved the conclusion of an agreement on the Company's succession of the Click 365 businesses of Mita Securities Co., Ltd. through its corporate partition, based on a simplified absorption. Details are as follows.

*1 The Exchange Forex Margin Contracts, FX, provided by Tokyo Financial Exchange. *2 The Exchange Equity Index Margin Contracts, CFD, provided by Tokyo Financial Exchange. *3 The over-the-counter foreign exchange margin trading

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
  • 8 Followers
About the Author: Ron Finberg
  • 1983 Articles
  • 8 Followers

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