I'm wondering how the company will fare with falling rates. It might reignite interest in margin trading, but they'd lose out on a ton of interest income, no? Q2 GAAP profit was great, but if we assume rates to drop by half in the midterm, then the 23m net income becomes a 100m loss. (not comparing q3 because it was a very bad macro quarter)
Thank you! unexpected discovery for me!
Now there is something to think about)