Tiger Brokers enhances execution and pricing with NYSE membership

Rick Steves

“The move marks a growing industry recognition, and a valuable accolade, to our financial technology R&D capabilities. As a world-leading online brokerage, we strive to elevate R&D to a new level, to let everyone enjoy a secure, stable, and superior global investing experience in one stop.”

Tiger Brokers has announced its United States-based subsidiary, TradeUP Securities, has become a member of the New York Stock Exchange (NYSE), in a milestone for the global brokerage firm.

The company is one of the very first fintech brokers to obtain the membership status in New York Stock Exchange LLC, NYSE American LLC, and NYSE Arca, Inc..

Tiger Brokers, which boasts the astonishing number of global licenses and qualifications of 59, can now offers access to direct trading on NYSE.

Direct market access to electronic executions on NYSE will allow investors to upgrade their investing experience reshaped by lower latency, more competitive pricing, and more flexible order placements.

The approval followed an all-around assessment by NYSE over Tiger Brokers’ compliance standards, operations management, capital requirements, and its front- and back-end systems.

Tiger Brokers strengthens brokerage in the United States

Wu Tianhua, CEO and founder of Tiger Brokers, said: “We are very excited about the NYSE membership. The move marks a growing industry recognition, and a valuable accolade, to our financial technology R&D capabilities. As a world-leading online brokerage, we strive to elevate R&D to a new level, to let everyone enjoy a secure, stable, and superior global investing experience in one stop.

“In our relentless pursuit of a better infrastructure we redefine with technology for the next generation, these advantages will surely bode well for our future growth.”

Tiger Brokers is a global brokerage with strategic operations in Singapore, the United States, Hong Kong, and Australia. In the case of the US, the firm already possessed financial licenses and qualifications across segments from securities broker, commodity broker, investment banking, and clearing, to trading securities for its own account.

The broker is allowed to operate investment research, securities issuance and underwriting, proprietary investment, wealth management, and clearing.

The self-clearing license holder has structured a system for retail investors from account opening, deposit, and withdrawal to trading, risk control, clearing, and settlement.

By the end of the second quarter in 2022, Tiger Brokers had 1.935 million customers, 731,400 of which had deposits. Net asset inflow from customers exceeded US$1.5 billion in the second quarter of 2022.

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