Ann: Quarterly 4C and Activities Report, page-18

Trades - looked like it flattened off, but that's because growth from from extreme to good.
Revenue - looked like it flattened off, but that it because of quarterly skews, as I explained.
Active traders - looks good. IF that can keep it up, then great.
Client cash - looks like it flattened off somewhat, but I explained the reason. 'Cash per trader' has now reached near-baseline, so it can grow at a higher rate from here.


Cashflow - the difference between dark blue and light blue. Cashflow explained in previous post.

Expenses were generally under control.
POC is the main one which rose a significant amount in absolute terms. Reason explained in previous post.

POC is the one which will improve the most come January. If brokerage costs fell from $5.50 to $5.00 for example (they didn't tell us the magnitude of the expected saving), then POC would drop almost 10% due to that change.