Tiger Brokers to be one-stop online trading solution for investors
By Edil Corneille
Xiaomi-backed online trading platform, Tiger Brokers Singapore, announced the launch of two new services on their platform – Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) stocks, designed to help seasoned investors looking for a full suite of investment options to diversify their portfolios.
These services allow Singapore-based users of the Tiger Trade platform look for short-term trades and selected US-listed over the counter (OTC) stocks where securities are traded for companies not listed on the main exchanges in the US, such as LVMH-MOET Hennessy Louis Vuitton (LVMHF), Softbank Group (SFTBY) and Bitcoin investment trust (GBTC).
The US OTC stocks service is now available on Tiger Brokers’ platform, and DLC by the end of February.
Eng Thiam Choon, CEO of Tiger Brokers shared, “We want to be a one-stop solution for our investors as we embrace more and more investment alternatives on our Tiger Trade platform. We have been seeing an increase of requests from our users to add DLCs and OTC services, especially in Q4 last year due to investors’ growing demands for differential investment instruments. It is important that we have a diversified list of product offerings to provide investors more opportunities and options when it comes to online trading.”
The new services add on to the investment products available to Tiger Trade users, beyond the six global exchanges – New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, Hong Kong Stock Exchange (HKEX), Singapore Exchange (SGX), and Australian Securities Exchange (ASX). Other services include Tiger Brokers’ new product – Fund Mall, a one-stop-shop for investing in global mutual funds that allow investors access to more than 100 renowned funds, Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contracts (CBBCs).
“Tiger Brokers aims to continue adding more products to the platform while strengthening its technology to empower a new generation of investors, enabling them to make judiciously executed trade regardless of market conditions,” added Thiam Choon.
Tiger Brokers is backed by US-based brokerage Interactive Brokers, Xiaomi and Wall Street investment guru Jim Rogers. The online trading platform currently has over 1 million customers worldwide, with a total trading volume of more than US$62.8 billion as of Q3 2020.
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