Mar 1, 2022 | Business
Tiger Brokers (Singapore) Pte. Ltd. (“Tiger Brokers Singapore”) today announced a partnership with World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore. Tiger Brokers, as the lead sponsor with WWF-Singapore, will be launching the first AR-mazing Tiger Trail at Gardens by the Bay on 26 February, to kickstart the company’s sustainability agenda in 2022.
WWF-Singapore’s AR-mazing Tiger Trail will feature a 3-part island-wide trail that focuses on tiger conservation and other key environmental causes impacting the planet today, using art as a vehicle to educate, spark discussion and action. Today, there are approximately 3,900 tigers left in the wild. According to WWF-Singapore, the overall tiger populations are declining and many are still at risk. In some areas of Southeast Asia such as Cambodia, Lao PDR and Vietnam within the last 25 years, tigers have completely disappeared.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), shared “Together with WWF-Singapore, we aim to raise global awareness of the importance of tiger conservation efforts globally and across Asia. Celebrating Tiger Brokers’ 8th anniversary this year, the year of the tiger and this initiative relates well with our brand identity and Tiger Mascot. More importantly, it kickstarts our journey as a force for good for the environment, society, and community at large.
As an innovative FinTech company, there is more we can do beyond just finance. Being one of the leading online brokerage companies, our focus lies in creating a better shared future for everyone. Since our inception seven years ago, we have been actively seeking ways to support people’s global investing strategies through cutting-edge technologies. Similarly, our collaboration with WWF-Singapore leverages technology to raise awareness and engagement on the importance of maintaining biodiversity and a balanced ecosystem.
We hope that the WWF-Singapore’s AR-mazing Tiger Trail campaign, featuring exceptional art pieces, will inspire individuals to do the right thing and raise awareness to protect our ecosystem. Together, we can do more to reverse the decline of wildlife than we can alone. Let’s immerse ourselves in the fascinating art world and empower more people to get involved in WWF-Singapore’s conservation work.”
“WWF-Singapore is thankful for the support from our esteemed partners such as Tiger Brokers, who have made the WWF-Singapore’s AR-mazing Tiger Trail possible. We hope that individuals and businesses will learn from this artistic trail and be inspired to play a more active role in tackling the climate crisis and protecting our natural biodiversity,” said Mr. R. Raghunathan, CEO of WWF-Singapore.
Putting on a Green Lens
Sustainability will continue to be a key agenda in Tiger Broker’s long-term strategy. As a first step, Tiger Brokers Singapore, in line with MAS’ Green FinTech agenda, will be applying a “Green Lens” on all its business operations.
Since its inception in 2014, the company has been focusing on reducing its carbon footprint and actively promoting green and sustainable development by using artificial intelligence to develop its internet platform and online financial applications, going paperless and using energy-saving infrastructure.
This has a significant impact given that Tiger Brokers as of the end of third quarter of 2021 has over 1.767 million account opening customers worldwide and over 612,000 deposit clients worldwide, all of which are conducted in a paperless way, eliminating the need for users to go to prepare physical documents and reducing carbon emissions because of not having to visit a physical office.
At the group level, Tiger Brokers will be expanding its Environmental, Social and Corporate Governance (ESG) research team, combining its own technology and business advantages around ESG, the company hopes to use its own strength to help support sustainable issues such as carbon neutrality transition.
Promoting Green Investment for the Future
Amidst growing awareness of ESG and understanding of the role investors play in supporting a shift towards sustainable development, Tiger Brokers aims to empower them to go beyond managing the ESG risks in their portfolios, to also create positive and measurable environmental impact from their investment activities.
Today, retail investors can easily access and invest in over 60 sustainable funds that are on Tiger Broker Singapore’s platform. This includes widely traded funds such as United Smart Sustainable Singapore Bond Fund and Fidelity Sustainable Asia Equity Fund. The company also aims to increase the number of sustainable funds substantially by 2022 by working closely with its partners.
“Retail investors have increasingly been wanting to do their part for planet earth and make a positive difference by investing in companies with higher Environmental, Social and Governance (ESG) ratings and business practices,” said Mr Eng.
Recent studies have shown that young investors (millennials and Gen X) are more likely to consider social responsibility alongside their other investment strategies. In a research conducted on ESG and Socially Responsible Investing (SRI), the majority of the financial advisors (69%) surveyed felt that SRI will play a larger role in their practices.
According to financial data provider Morningstar, investors globally poured $142.5 billion into sustainable funds in the fourth quarter of last year, 12 per cent up on the previous quarter. ESG assets may hit $53 trillion by 2025, a third of global AUM based on estimation from Bloomberg.
Tiger Brokers continues to support equity financing and serve the real economy. The company continues to support the development of green companies and help green companies raise funds and go public. In 2021, Tiger Brokers served as the underwriter for ATRenew Inc. and helped it get listed on the New York Stock Exchange. ATRenew Inc. became the “first ESG stock” in China, and its integrated low-carbon circular economy platform has been welcomed by many users in China.
“We are seeing a growing interest among investors investing in sustainable funds. Tiger Brokers Singapore will continue to evolve to become more lifestyle-centric, appealing to the young investors, and aligning with their interest in social responsibility and sustainability investing,” added Mr Eng.
The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: tiger@preciouscomms.com
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.
About Tiger Brokers (Singapore)
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
Topic: Press release summary
Dec 5, 2021 | Business
Online brokerage Tiger Brokers (Singapore) Pte. Ltd. (“Tiger Brokers Singapore”) today announced that the average Singapore ‘first-timer’ account deposit has increased to $5,000 this quarter (Q4 2021), compared to the average initial deposit of $4,000 in Q2 and Q3 2021, as the pool of investors wishing to access Singapore’s diverse range of investment opportunities continues to broaden. Over 80% of the 353,300 newly funded accounts acquired through three quarters (Q3 2021) are attributable to international markets, including Singapore, already surpassing the full year guidance of 350,000 newly funded accounts.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), said of these results, “Our strong growth and credibility in Singapore has placed us in a great position for internationalization as more and more people are evidently choosing to include trading and investments as part of their wealth growth plan. We will continue to work towards building a seamless trading experience for investors on our online and mobile trading platform, Tiger Trade, while keeping them engaged through the variety of financial products available that are relevant and meaningful to them and their lifestyle.”
Tiger Brokers Singapore’s parent company, UP Fintech Holding Limited (NASDAQ: TIGR) or Tiger Brokers (including all of its subsidiaries and consolidated entities), recorded a total revenue at US$60.8 million for their unaudited Q3 2021 financial results, which was a 59.6 per cent increase as compared to third quarter ended 30 September 2020 (“Q3 2020”). Tiger Brokers has a total of 1.77 million customer accounts as per Q3 2021, approximately doubling the number of customers accounts in the same quarter of last year, whilst the total number of customers with deposits increased 185.1 per cent to 612,000 on a year-over-year basis.
As part of the Company’s current strategic global expansion plans, Tiger Brokers (Singapore) has also been established as the dual headquarters to complement the existing headquarters in Beijing and streamline operational efficiency. The Singapore office will also be the Company’s new principal executive office. The decision is intended to promote the Company’s current strategic global expansion plans and streamline the operational efficiency of the Company; the decision is also supported by the fact that Singaporean clients already account for a substantial and growing proportion of the Company’s total client base.
Tiger Brokers has also acquired Ocean Joy Securities Limited, a Hong Kong licensed broker dealer regulated by the Hong Kong SFC (Securities and Futures Commission), to further expand its brand into Asia to build its local client base and contribute to the growth of the vibrant and dynamic capital market through its innovative fintech platform.
Substantiated by its rapid growth in Asia, Tiger Brokers (Singapore) was most recently awarded “Asia’s Most Innovative Company” at the 2021 Fortune Times Awards Ceremony for its innovation to bring better services to local users and add value to the financial industry in Singapore. It was also recently officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, as well as a clearing member and depository agent of The Central Depository (Pte) Limited.
Additionally, Tiger Brokers (Singapore) is also proud to announce that they are a member of Blockchain Association Singapore (BAS) – a growing community to leverage blockchain and scalable technologies for business growth and transformation. Under BAS’ membership, Tiger Brokers (Singapore) will be able to raise further awareness of blockchain and deliver positive impact through continuous innovation for the investment community on their online and mobile trading platform, Tiger Trade.
The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.
– Apple App Store: https://apps.apple.com/sg/app/id1023600494
– Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers (Singapore)”) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade – available on both online and mobile app (Apple App Store and Google Play Store) – offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours, 24/7 finance news updates.
Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges: US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and a Fund Mall.
Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, the company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1.7 million customers worldwide currently, with a total trading volume exceeding USD92.6 billion in Q3 2021. For more information, visit https://www.tigerbrokers.com.sg.
About UP Fintech Holding Limited
UP Fintech Holding Limited (NASDAQ: TIGR) is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world, while proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearing houses. For more information, please visit: https://ir.itiger.com.
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
Topic: Earnings
Sep 15, 2021 | Business
Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. today announced that its quarterly business achieved a significant milestone as the number of account openings represented by Generation Z (18-24 yr) saw an increase of over 90 per cent compared to the same period last year.
For Singapore Generation Z investors, the purchase of stocks, futures and options have increased by at least 9-fold as compared to the same time last year, with a notable surge in the preference for stocks and options by around 14 times in terms of volume.
The Singapore business was one of the largest contributors to Group customer accounts in 2Q 2021, when over 60 per cent of all newly funded accounts were derived from international markets, and the Group added more funded accounts than in its entire cumulative operating history.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), said, “Generation Z, or the internet generation, can be regarded as one of the most disruptive generations ever. There is a distinct difference in how they invest and what they invest in compared to their millennial or baby boomers’ peers. With better access to data and information to supplement their financial knowledge, on top of increased awareness around world issues, it is clear that the narrative for investing will no longer be how it used to be.”
“At Tiger Brokers, we are constantly working to introduce relevant financial products, services and activities to keep the different types of investors engaged. Having more and more Gen Z investors on board meant that we need to provide more meaningful interactions, bite-sized content while maintaining impeccable user experience at the same time,” added Eng Thiam Choon.
Tiger Brokers Singapore’s parent company, UP Fintech Holding Ltd (NASDAQ: TIGR), known as Tiger Brokers, including subsidiaries and consolidated entities, reported its unaudited financial results for Q2 2021 with total revenues of US$60.2 million, a 98.7 per cent increase as compared to Q2 2020. Tiger Brokers had 1.65 million customer accounts at the end of Q2 2021, doubling customer accounts from the previous Q2; the total trading volume also increased by 118.2 per cent to US$102 billion compared to US$46.8 billion in the previous Q2.
Since launching in Singapore in February 2020, Tiger Brokers Singapore has added customer access to exchanges including the Australian Securities Exchange (ASX), providing better access to global financial markets and assets to help Singapore investors better manage their investment portfolios.
Recently, Tiger Brokers Singapore announced they had launched a business-to-business segment for financial institutions to provide clients with comprehensive technology solutions including advanced portfolio and risk management tools.
The Tiger Trade mobile application is available for download at the Apple App and Google Play Store.
– Apple App Store: https://apps.apple.com/sg/app/id1023600494
– Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers (Singapore)”) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade – available on both online and mobile app (Apple App Store and Google Play Store) offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. Its online and mobile app trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates.
Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges in the US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and Fund Mall.
Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers currently has over 1.4 million customers worldwide, with total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile-first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit: https://ir.itiger.com.
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
Topic: Earnings
