My assumption was for $5.00 direct brokerage costs to OM. Now my...

My assumption was for $5.00 direct brokerage costs to OM. Now my assumption is $4.00-4.50.

Last quarter had $2.05 positive cashflow per trade (including revenue from interest etc, and including expenses, but also including the temporary boost from EOFY Sale).


This must be some of the best news we could have hoped for - guaranteed improvement to cashflow. This will also make them more competitive with Commsec. Eg. this saving might be enough to cover the cost of 4 developers (for adding new features etc) at the current rate of trades, and more savings if trades grow further.

The only similar or better news that comes to mind would be further strong growth in users, or a successful rollout and uptake of international trading, and yesterday's cancellation of Robinhood's international expansion.