“we’re certainly benefiting from higher rates and are poised to benefit even more in the quarters and years ahead, even as we take steps to manage through some of the speed bumps that those higher rates present.”

In context

“ent and very low investor sentiment, how our cash strategy is consistent with that strategy, the progress we’re making with the Ameritrade acquisition in spite of a number of unforeseen challenges and how we’re continuing to advance our appropriately ambitious strategic agenda. In my time today, I’ll talk about how the combination of strong business momentum and rising interest rates overcame a tough equity market and more bearish investor sentiment to produce yet another quarter of record financial performance. I’ll also provide an updated outlook for the rest of the year. And finally, I’ll talk about how we’re confident we will navigate through this environment and continue producing strong financial performance in the quarters and years ahead. What should hopefully become clear is that we’re certainly benefiting from higher rates and are poised to benefit even more in the quarters and years ahead, even as we take steps to manage through some of the speed bumps that those higher rates present. But those speed bumps are quite manageable, which means that the most important factor in our long-term success is the strength of our business and our through clients’ eyes strategy, something that’s producing strong momentum and positioning us to continue thriving even after rates eventually normalize. Let’s talk about some of the factors that contributed to our record financial performance in the third quarter. Compared to the second quarter, we faced more headwinds than tailwinds with equity markets down and the resulting bearish investor sentiment weighing on trading activity and margin utilization. We did, of course, benefit from rates that continue to increase across the curve. Now in spite of the volatile market, we’ve been able to continue driving strong organic growth. Roughly $”