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Invast Securities (TYO:8709), one of the major Japanese forex brokers, became the first so sign up for the new fintech consulting service of Zuu Co – a provider of financial and asset management information for executive users.
According to Zuu’s statement, the information from Zuu will be transmitted on Invast Securities’ ETF GateWay financial news site, mainly utilized to promote the financial product exchange traded funds (ETF).
Zuu is a Japanese provider of internet financial services. It offers financial site management, financial consultation and other related services. It also develops an educational platform, a site for comparing and matching financial advisers and a real estate portal.
Invast Group was established in 1960 and is based in Tokyo. It has entities regulated by the Japanese Financial Services Agency (JSFA) in Japan. Its branch in Australia – Invast Financial Services, is regulated by the Australian Securities and Investment Commission (ASIC). It is one of the largest multi-asset brokerage firms in Japan, offering forex and CFDs trade.
Earlier this week Invast Securities reported a record drop of its May operating volume, down to its lowest since September 2014. The downward trend for the broker started recently – in March both the revenue and the client deposits decreased and continued to do so in April, when it was lowest since the beginning of 2016. In the FY 2016 the company reported a 109% rise of its operating income, but it was nevertheless at loss.
Invast’s results are more or less in line with the overall situation of the Japanese forex and binaries market, which sank by double digits in May.