Some of it was to be expected, but it was still generally faster...

Some of it was to be expected, but it was still generally faster than I expected.

January vs Q2
Trades: +24.4% vs Monthly Average of Q2 (in line with expectations. Last year's Q3 was +29.6%, but +24.4% off a larger base is good)
Active Clients: +8% vs end of Q2 (+3735 and +4125 for the past 2 quarters. 3 months like Jan would be +5223 in Q3. It's +0.4% market share in 1 month. I'm thinking advertising was low too. Possibly some people started the application process before Christmas, and only just finished it in January, but hopefully the Jan numbers will repeat)
Client Cash: +19.9% vs end of Q2 (somewhat expected, since people withdrew money before the Christmas holidays, but this was still fast, almost reaching my full quarter target)
Revenue: +21% vs Monthly Average of Q2 (up at the mid-point of +24.4% trades and +19.9% client cash)

Cash per active trader: Increased to $6950 from $6250-6550 for the past 5 quarters. I can't explain that. That would be a good trend if it keeps up. Possibly advisers bringing on higher net worth clients.
Trader per trader per month: Back up to 1.4, from 1.22 at Christmas. Past 4 quarters was 1.22-1.45 (1.45 after EOFY sale free trades given out). 1.4 is strong - not sure why it's above trend - maybe market volatility as somebody mentioned.
Average revenue per user: up from Christmas, but below trend, but to be expected after the October RBA cut. Being up after Christmas would be due to the trades per trader per month metric rising.
Revenue per trade: down from $15.01 at Christmas to $14.59 (total of all revenue, divided by total trades). Possibly suggesting a higher rate of free trades, meaning lots of people using the referral program and free trades in January.
Market share: From ~4.8% after December to ~5.2% at end of January.

ETF: still weak.
Adviser: no stats provided.

So growth confirmed for January with some metrics above target and some in line with target. Good result.