Interactive Brokers makes strategic investment in Tiger Brokers
“We had an excellent experience working with their developers and believe that they are building a sound platform”, says Thomas Peterffy, Chairman and CEO of Interactive Brokers.
Electronic trading major Interactive Brokers Group announced today that it has agreed to make a strategic investment in Tiger Brokers, an online stock brokerage startup established for global Chinese retail and institutional clients.
“Interactive Brokers enthusiastically supports newly developing enterprises in the capital markets in Asia Pacific. Tiger has established one of the best initiatives that has come to our attention. They have superb management and technological knowhow,” said Thomas Peterffy, Chairman and CEO of Interactive Brokers. “We had an excellent experience working with their developers and believe that they are building a sound platform.”
Interactive Brokers Managing Director for Asia Pacific David Friedland added, “Tiger has proven to be innovative, driven and most capable of providing their clients with tools to ease access into global markets. They recognize the importance of best execution, a global offering and doing what is best for the end client. What they are building is quite exciting.”
Wu Tianhua, founder of Tiger Brokers said, “with support from IB since 2014, Tiger has been able to focus on building an exceptional user experience. It is reassuring to know that Interactive Brokers recognizes our technical strengths and potential. We are looking forward to a long and mutually rewarding relationship.”
He also noted, “by expanding and strengthening the collaboration with Interactive Brokers, we will continually secure a leading position in the Fintech market to provide U.S. stock brokerage service to the global Chinese community.”