If the advisor platform was the explanation (and if the 120k and...

If the advisor platform was the explanation (and if the 120k and 41.5k numbers are accurate):

Active Clients are up >10% in Oct.
You'd expect trades to be up >10% (these numbers should be similar on average).
Trades is actually up >80% vs Sept (albeit a weak month).
Advisor platform increased trades by 70% above what you'd expect = 17,000 trades attributable to the 80 registered advisors = 210 trades per advisor.

That sounds plausible. If it proves true, then the advisor platform sounds like a winner.

But wouldn't advisor platform have contributed similarly to client balances? "With more advisers set to join in 2019, this will further fuel SelfWealth's growing trade volumes and interest revenue."

Otherwise I'm not sure what the explanation is for the apparent significant wise in trades suggested by "Current State of Play (end of October) - 120k trades in FY20".

Or a simpler and more disappointing explanation - they say 'Current State of Play (end of October)' but actually by 'already in FY20', they mean until Nov 21, not until 31 Oct. Even if my understanding of that line was completely wrong, the >10% to clients and client balances is still a strong month, just less amazing than having trades rise so significantly.