Business
Why the SelfWealth (ASX:SWF) share price has popped 3.8% higher this morning
The SelfWealth Ltd (ASX: SWF) share price has jumped 3.8% at the open following a strong quarterly update from the Aussie online brokerage group.
What’s in the update?
There were a number of highlights from SelfWealth for the second quarter of FY21 ending 31 December 2021.
The brokerage group reported record quarterly operating revenue of $4.46 million, up 298% year-on-year (YoY). The number of active traders on the platform surged 17% from the prior quarter and 208% YoY to 67,394.
Quarterly trade volume jumped 377% YoY to 378,430 trades with client cash up 220% YoY to $435 million.
Securities held on HIN surged 153% YoY to $4.30 billion as SelfWealth’s strong growth trajectory continued through to the end of 2020.
Why is the…
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