Invast Securities has disclosed its January 2016 monthly financials, which built on last month’s strong performance, securing its first positive monthly advance in the new year, according to an Invast statement.
For the month ending January 2016, Invast reported its operating revenues at $3.03 million (¥348 million), climbing 23.8% MoM from $2.44 million (¥281 million) in December 2015 – the consecutive monthly rise in revenues was the first at Invast since 2014.
The Participants in Forex Trading and their Role in the MarketGo to article >>
By extension, January 2016’s figure is still lower than its 2015 counterpart – relative to January 2015, the latest monthly revenues constitute a loss of -11.2% YoY from $3.41 million (¥392 million). This was more a product of the state of currency markets one year ago, when the Swiss National Bank (SNB) triggered volatility worldwide in January 2015.
In addition to its revenues, Invast also released its total amount of deposited margin, which shrunk marginally lower in January 2016, essentially unchanged from the previous month. January 2016 saw a margin of $615.7 million (¥70.7 billion), which correlated to a slight decline of less than -1.0% MoM from $624.6 million (¥71.2 billion) in December 2015. Over a yearly timetable, the figure is also lower than January 2015, or -1.8% YoY from $626.8 million (¥72.0 billion).
Last month, Invast released its December 2015 operating revenues, which for the first time in months had resulted in a move in a positive direction. In December 2015, Invast yielded operating revenues of $2.44 million (¥281 million), up 15.2% MoM from $2.12 million (¥244 million) in November 2015 – it was the first month since August 2015 that saw rising revenues MoM at Invast.