Interactive Brokers makes strategic investment in Tiger Brokers

Maria Nikolova

“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.”

Read this next

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

<