Invast Securities has reported its August 2016 monthly financial metrics, revealing the lowest reading so far in 2016 for the broker, according to an Invast statement issued today.
FBS CopyTrade Launches a New Card Scanning Feature!Go to article >>
For the month ending August 2016, Invast disclosed its operating revenues at $2.1 million (¥210 million), down 30 percent from $2.97 million (¥302 million) in July 2016. Invast’s August revenues represent a downtrend that resumed in July after a brief uptick in June. The latest revenues have culminated in the lowest so far in 2016, second only to May’s dismal figures.
The decline in revenues and volumes is a scenario being faced many other brokers in 2016, following the Brexit referendum and the ongoing volatility in the financial markets. August 2016’s operating revenues were also substantially lower than in the same period in 2015, falling by a margin of 44 percent YoY from $3.7 million (¥377 million) back in August 2015.
Invast has also released its total amount of deposited margin, which crept up slightly MoM in August 2016, by a marginal amount. In this respect, August 2016 saw $662 million (¥67.66 billion), relative to $662 million (¥67.15 billion), in July 2016 equating to less than 1.0 percent MoM. Over a yearly timeframe, this figure reflected a YoY fall of 3.2 percent from $684 million (¥70 billion) in August 2015.