Ann: Corporate Presentation - Annual Results for FY2018, page-3

they need some 50,000 trades a month to close to make some bottom line impact, given its pity 13mil market cap, not sure if many investors confident enough to park its cash with SWF? and RBA+0.75% interest rate is hard to swallow for them as well, they have 40mil investors cash, which they will need to pay 900,000 interest a yr, divid by $9.5 brokerage, equals to about 8,000 trade a month for free, that's what they have achieve so far ....no wonder the more volume they have, the more they lose.