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International Securities Firm Tiger Brokers' Expansion into Singapore Gives Local Investors Access to Low-commission Cross-border Investment Choices

2016-12-22 08:00 3288

SINGAPORE, Dec. 22, 2016 /PRNewswire/ -- Leading China-based international securities firm Tiger Brokers further expanded its presence in Asia, on the heels of the firm's explosive growth in mainland China. The latest version of Tiger Trade, its one-stop trading platform for global asset allocation with a focus on U.S. stocks, is designed to serve Chinese speaking investment professionals worldwide, giving investors in Singapore access to low-commission cross-border investment choices.

Tiger Brokers founder and CEO Wu Tianhua said that Singaporean investors could open an account online using a mobile phone number and an E-mail address in a three-minute registration process and be able to immediately log onto the Tiger Trade investment platform and onto the company's official website. In addition to access to U.S. stocks, Hong Kong stocks, and China A-shares, Tiger Brokers supports transactions involving securities margin trading in addition to 13,000 U.S. stocks, share options and ETF products.

Increasing adoption of smart phones across Asia Pacific, including Singapore, has led to an annual growth rate of more than 11 percent in mobile data connections. After the launch of Tiger Trade in Singapore, Singaporean investors were able to use their smart phones to sign in and log onto their Tiger Trade accounts, in much the same fashion and level of ease that they access their other commonly used social apps such as Facebook and Twitter.

The Tiger Brokers CEO, Mr. Wu, explained: "Our goal is to make Tiger Trade the app of choice for any Chinese speaking investor with an international investment portfolio". Growth in securities trading apps is an inevitable trend, in tandem with the accelerating popularity of smart phones and driven by the demand by Asia-based investors for a more globally diversified allocation of their assets, he added.

Tiger Brokers, as a technology- and product-driven online broker that is fairly representative of China-based securities firms, last year launched Tiger Trade, a global stock investment app designed specifically to suit the investment style of Chinese investors. The app provides data on individual stocks, technical indicators and global news, all available in Chinese, enabling Chinese investors to trade stocks across capital markets worldwide. It is for these reasons that the platform has become so popular in mainland China.

According to publicly available information, more than US$100 million in transactions were booked through Tiger Trade in the first month following the platform's launch. In addition to the explosive growth in the number of subscribers, the dollar value of transactions handled through Tiger Trade jumped 22 times in the more than one year following the initial launch, topping US$2.2 billion a month.

Previously, Singapore-based investors had to spend substantial amounts in fees when trading U.S. stocks through the existing choice of venues than a similarly placed investor in the U.S., with the minimum commission required per transaction priced at several tens of dollars. Now, Tiger Brokers users will benefit from a commission of as low as US$0.01 per share with a minimum of US$2.99 per transaction when trading U.S. stocks. As an illustration, if the investor completes one transaction per week, involving 300 shares, he or she will save US$30 per transaction on average or US$1,500 in one year, enough to buy a MacBook laptop computer.

With the listing of Tiger Brokers in Singapore, the country's retail investors will be able to easily trade U.S. stocks, something that was previously limited to the city's high-net-worth population. In addition, Tiger Trade will continue to focus on providing Singaporean investors with a very fast trade execution, the most competitive transaction fees, valuable information in Chinese as well as transaction services for U.S., Hong Kong and China A-shares, with trades for stocks in all three of the markets handled through a single deposit in one account.

As a leading online securities broker serving Chinese communities worldwide, Tiger Brokers has been proving its strength in the global investment market. Its leading shareholders include Xiaomi Technology and Citic Securities. Citic Securities ranks first among mainland China-based securities brokers in terms of comprehensive strength.

Source: Tiger Brokers
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