Japan-headquartered retail FX broker, Invast Securities has released its monthly operational metrics for the month of March 2019, showing a full recovery in performance after the disappointing February month.
The broker reported operating revenue of ¥421 million ($3.76 million) for March 2019, registering a 10.7 per cent month-on-month growth in revenue from ¥380 million. But, it has failed to reach the operating revenue level achieved in January 2019, which was ¥457 million. However, the March comeback is strong and is also higher by 19.9 per cent on a year-on-year basis from ¥351 million in March of 2018.
While the operating revenue is in the positive front during the March month, the total amount of deposited margin is reverse from the current trend. The month-on-month deposit margin has fallen to ¥81.98 million, which is one per cent lower from the deposited margin of ¥82.81 million in February 2019.
The February deposit margin figures were the best in the last 13 months. Although the March deposit margin is slightly lower than that of February month, overall it is still stronger compared to January 2019 figure, and when compared on a yearly timeframe, the deposit margin figure is close to 10 per cent higher from ¥73.64 million in March 2018.
FFAJ Reports March Trading Volume Data in OTC FX & Binary Options
The Financial Futures Association of Japan (FFAJ) has published its monthly trading volume for retail FX margin trading operators as well as OTC binary options dealers for the month of March 2019.
In the month of March, FFAJ had a total of 54 registered OTC forex margin trading operators, same as of the previous month. During the month, the Tokyo Financial Exchange (TFX) OTC trading volume came in at ¥287.9 trillion ($2.6 trillion), which is 17.38 per cent higher compared to the previous month.
The USDJPY and other Cross YEN trading pair had a trading volume of ¥249.4 trillion in the month of March, which is 17.22 per cent higher compared to the previous month which was at ¥212.7 trillion.
The trading volume for on-exchange contracts also reported an increase of 12.89 per cent on a month-on-month comparison from ¥1.76 trillion in February to ¥1.98 trillion in March.
The trading volume for binary options in March 2019 reached ¥31.8 billion, which is 8.5 per cent higher from the trading volume of ¥29.3 billion in February but is still lower than ¥35 billion recorded in January of 2019.