call. Thanks joining Thank the you, everyone Nancy. for
the performance, quarter million, with revenues interest recording Commissions the balance despite our With and we'll and especially start current items in both usual, in As the quarter on followed declines $XXX $X futures quarter. sheet and our ongoing revenues Page growth, equities. for industry-wide for customer X strong future. in of revenue volumes strong net year-ago a build first in commission were we of continue release. billion the account We with to for base level
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Income tax sum public of million operating benefit rates key remains and means maintaining million of consistently margin. $XX interest reflects higher of our us, While $XX high company’s $XX automation the million. company’s the the expense
sheet of X on our Moving to Page our release. balance
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portion words, by that opportunities this in also reporting this on line cash about invest segregated as as We funds quarter from to that generated without million versus of securities greater the the While for lending, cash. it's would we up pace, case from impact interest year. rise, be a last securities the we maintained relatively a revenue be the as for quarter. items, million, $XXX shift interest strong segregated which reflected is receive X% collateral net securities other year-ago In benchmark rates $XX estimate lending lending
interest to quarter. to rate Interest our We balances balances second on our the Fully paying many their paid as led grew about qualifying pay sensitive interest unchanged million through we at our balances credit billion. on in the in $XX customers increases. pass roughly customers balances on or currencies customer we rate as were rates $XXX higher
not rate and our component all this us that want believe on We first consider pass-through basis XX a keep success set their qualified after cash, points active sweep cash our to leads programs policy offering significant the from clients immediately do of clients especially We clients a continues choosing accessing to us, one in with use their apart. full invest. to their them prevent who cash hikes to to that
rates, the in produce hikes rate income Note Now basis at XX to of one interest estimates starting impact of come, for X.XX% funds we the in increases benchmark. June the more annual with the at of on net approximately market an estimate increases Fed our funds point each these given of additional Fed or effect expectations balances our rate of rate the $XX that possibly million estimates increase points for XX, and based that is in for date. also effective to
our dollars. of cash in US XX% customer About is balances not
million US change estimates fact estimate these the interest benchmarks rate in point So XX exclude each the We in rate annual for in basis income currencies. to non-USD all additional of relevant of $XX produce increases increase net benchmarks.
low core cash to a continued business and over in and ability meaningful company the effectively strong risk grow operating as expense. second the a manage cost and reflecting on services our base our performed with to we well in and interest, customer all offering quarter customers, environment, conclusion, In controls at our complex while uncertain deliver the
And we turn moderator take with it that, over will to we'll and questions.
