Invast Securities has reported its January 2017 monthly financial metrics, which saw a reversal in terms of its revenues, which rebounded sharply in the first month of the New Year, according to an Invast statement.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
The FBS CopyTrade Team Introduces New ‘Risk-free Investments’ FeatureGo to article >>
For the month ending January 2017, Invast disclosed its operating revenues at $3.38 million (¥381 million), up 40.1 percent month-over-month from $2.41 million (¥272 million) in December 2016. Comparing this figure to its 2016 counterpart, the latest revenues were also weaker, higher by 9.5 percent year-over-year from $3.08 million (¥348 million)
January 2017 experienced larger volumes overall and higher trading activity given the uptick of volatility worldwide. A combination of markets snapping out of a seasonal lull and the incoming administration of Donald Trump in the US also helped spark movement across markets.
Finally, Invast also released its total amount of deposited margin, which again edged higher month-over-month in January 2017, albeit by a marginal amount. As such, January 2017 reported $628.9 million (¥70.96 billion), relative to $627.1 million (¥70.76 billion) in December 2016 or virtually unchanged month-over-month. Over a yearly timeframe, this figure was unchanged year-over-year from $627.1 million (¥70.76 billion) in January 2016.