Ann: AGM Presentation 2019, page-3

41.5k trades in October is so unbelievable that there must be some explanation. Eg. advisors placing trades for clients, or '120k trades in FY20' being a rounded somewhat exaggerated number, or the number being until today but actually it says 'Current State of Play (end of October)'.

Since my own metric 'Trades per Trader per Month' is showing a spike from 1.21-1.45 in the past year vs 2.08 in October. Certainly something abnormal.

Q1 I believe had July-Aug with ~28,000+ trades per month (due to a EOFY sale with bonus free trades), then a weak September with ~22,000 (post-promotion slump?).

So 41.5k is not as unbelievable compared to 28k in July/August (vs 26k average for the full quarter), though still great (and the free trades from the promotion should be used up, so more of them should be paid trades in October).