Invast Securities has reported its November 2016 monthly financial metrics, revealing that the brokerage is back on an upward trend after the last few months’ lacklustre figures.
A much-awaited turnaround now appears to be evident in the figures which have once again taken a positive turn. Nevertheless, while the latest data shows a month-on-month improvement, the numbers have still not caught up with last June’s upbeat results.
ForexTB Set to Launch New Innovative Trading PlatformGo to article >>
For the month ending November 2016, Invast disclosed its operating revenues at $2.8 million (¥331 million), up 38.5 percent from $2.1 million (¥239 million) in October 2016. Invast’s November revenues have put the brokerage back on the right track although the figures still have some way to go before matching those recorded earlier this year. The latest revenues however, show a solid MoM increase revealing an uptrend which the brokerage will be hoping to see extending into 2017.
This year has brought about a mixed bag of results for the world’s brokerages, which aside from the usual summertime lull, has been highlighted by a series of high-impact economic and political events, impacting the bottom line. However, this time round for Invast, today’s published figures reveal that operating revenues for November were substantially higher than in the same period in 2015, increasing by 35.7 percent YoY from $2.1 million (¥244 million) back in November 2015.
Invast has also released its total amount of deposited margin, which decreased marginally MoM in November 2016. In this respect, November saw $587 million (¥69.15 billion), compared with $590 million (¥69.49 billion) in October 2016, equating to a small decrease of -0.49 percent MoM. Over a yearly timeframe, this figure reflected a YoY fall of -2.7 percent from $604 million (¥71.2 billion) in November 2015.