Not a bad update, except that active trader numbers stalling....

Not a bad update, except that active trader numbers stalling. Yes cash balances fell and volumes down, but these aren't really things the business can control.
Cashflow positive means we have time. Time to be patient, focus on customer service, quality development and rollout of new features.
Not so sure about switching from Open Markets... would be interested to hear about rationale and hopefully not too time consuming.
Agree we can't rely on interest from cash balances. Need to stay hungry and focus on active trader numbers, growing them cost-effectively and consistently.
Hopefully market momentum from January will encourage retail back into the game and volumes / active trader numbers pick up.