Finally some cost control.(left to right)(right to left)(right...

Finally some cost control.


(left to right)


(right to left)


(right to left)




They seem embarrassed to show any other metrics than cash though. Market interest is down, so most metrics would understandably look bad.


Receipts -2.8% QoQ. So either trades are down, or client cash is down, or both, but not too terribly.

Cash Expenses -6%. This is where the cost control proves useful.

Expenses:Receipts ratio of 0.9 / 90% is the best in ages.


So not quite a good trend in usage/receipts, with market conditions being weak. But better cost control than previously, even with inflation.