Invast Securities has disclosed its latest financial metrics for the month ending March 2017, which saw a reversal in terms of its revenues, which continued a sustained decline in revenues losses in the calendar year, according to an Invast statement.
Boosting Profits in Low FX VolatilityGo to article >>
During March 2017, Invast reported its operating revenues at $3.0 million (¥326.0 million), down -8.7 percent month-over-month from $3.28 million (¥357.0 million) in February 2017. Comparing this figure to its 2016 counterpart, the latest revenues were also weaker, moving lower by 5.8 percent year-over-year from $3.17 million (¥346.0 million).
This now marks the second straight month in a row of declining revenues, despite starting off 2017 on a positive note. Trading volumes in March 2017 were also subject to higher volatility and more market driving events, such as the US’ rate hikes and other developments.
Moreover, Invast also released its total amount of deposited margin, which again inched higher month-over-month in March 2017, albeit by a marginal amount. As such, March 2017 reported $659.4 million (¥71.84 billion), relative to $654.0 million (¥71.25 billion) in February 2017, virtually unchanged on a month-over-month basis. Over a yearly timeframe, this figure was higher by 2.6 percent from $627.1 million (¥70.0 billion) in March 2016.