Revenue of $182 mn hit a record high. Client assets grew high single-digit QoQ Q3 to date. Net inflow per new client rose to approx $25k.

However, the cash equities take rate fell from 5.9 bps to 3.6 bps. Q3 trading volumes and commissions were slightly below Q2. Mainland retail revenue contribution declined from 20%–25% to 15%–20%.