Japanese, Invast Securities is today announcing the launch of its Australian, ASIC licensed brokerage. As reported by Forex Magnates in February, Invast had secured an ASIC license earlier in the year. Since then, the firm has been developing its Australian management team and operations. Heading the division is CEO of Invast Australia, Brendan Gunn. He is joined by COO Andrew Taylor, and CFO Yuichiro Omura, who transferred directly from Invast Securities Co in Japan. In addition to Omura’s financial management responsibilities, Invast stated that he will “continue the culture of financial integrity and stability for which the company is renowned for in Japan. He is tasked with ensuring this prudent and disciplined approach to financial management is maintained as the company fulfills its strategic growth plans outside of Japan.”
In Japan, Invast Securities has become a leader in copy trading products among local brokers, with the firm reaching 40,000 Mirror Trader accounts earlier this year. Invast Securities Australia will be marketing a multi-asset offering which includes FX, indices, commodities, and direct shares. They will also be launching a new tool called ST24 later this year.
Staying Ahead: How Brokers Are Approaching 2020Go to article >>
Japanese firms have been slow to expand their global operation, even as regulations in their country have put a clamp on profit margins. Although, we are beginning to see a trickle of expansion take place, namely with this move and an earlier announcement that GMO Click was opening a London based office. In terms of Australia, brokers in the country have benefitted from an increase of Japanese traders opening accounts as restrictions on trading conditions have caused them to look overseas. As such, the arrival of Invast in Australia could be also seen as an opportunity for the firm to also attract traders from its Japanese home base.
Commenting on the launch in the company’s statement, Gunn stated “we have more than 50 years of being a leader in our space – the result of a strong company culture based on high standards, integrity and precision in delivering products and services to our clients. We will build on this heritage to grow our presence in Australia and then in other international markets”