Tiger Brokers Partners with Grafa to Enhance Trading App

Tiger Brokers Partners with Grafa to Enhance Trading App

Investors
using the Tiger Trade app can now access near-real-time insight about the
companies they invest in, thanks to a new partnership between Tiger Brokers and the Australian media fintech Grafa.

The
NASDAQ-listed online brokerage collaboration aims to empower retail traders to
make better investment decisions by providing information about US and
Australian stocks, as well as crypto, economy, and forex.

Integrating
Grafa’s AI-powered newsfeed into the Tiger Trade app will give users access to
data-driven news about the most popular assets.

“As a
majority of our Australian users trade both ASX and US stocks, gaining
near-real time insights about the companies they put money behind is as
critical as gaining access to the US market,” Jack Liang, the Vice
President of Tiger Brokers Australia, commented.

In addition
to the newsfeed integration, Grafa will offer Tiger Trade users a free 6-month
subscription to its advanced platform, which features market-screening
functionality, charting, and extensive data analysis. Grafa’s CEO, Heidi Cuthbert, highlighted the platform’s proprietary personalization, which notifies users of major events that impact their investments in real time.

“Right
now, Grafa has data and news about US and Australian stocks, but this will
quickly expand to include more global stock markets,” Cuthbert added.

For Tiger
Brokers, it is another offering update after January’s move to offer retail
traders in Hong Kong
the ability to trade cryptocurrencies . However, this would
not be possible without expanding the license granted by the Securities and
Futures Commission, which is held by UP Fintech Holding Limited, the operator of the Tiger
Brokers brand.

In
addition, Tiger Fund Management, a subsidiary of the Tiger Brokers Singaporean
branch, has launched its activities in the country following the acquisition
of its Capital Market Services, Fund Management license from the Monetary
Authority of Singapore. With assets under management exceeding SGD 300 million
($220 million), the company seeks to provide various asset management and
wealth management solutions to individual and institutional clients.

UP Fintech’s Revenue Goes
Up

UP Fintech recently
reported an uptick in its financial metrics for the third quarter. This includes
a notable increase in revenue, along with a rise in both trading volumes and
the number of active users. The firm’s revenue saw an impressive increase of
nearly 27% over the previous year, while its net income rose 13.5%.

Exciting News from Tiger with Q1-3 net income soaring to $42M, surpassing a two-year total!

Read more: https://t.co/YFpwnFUTaS#TigerBrokers #GlobalInvesting #FinancialSuccess pic.twitter.com/Kus3eimYyX

— Tiger Brokers Singapore (@TigerBrokersSG) November 27, 2023

The
company’s financial summary has revealed that total revenues escalated 26.6%
year-on-year, reaching $70.1 million, and net revenues experienced an uplift of 13.5% to $58 million.

There was
also a noticeable expansion in the brokerage’s customer base, with 24,604 new
funded accounts being opened in the third quarter, elevating the total to about
865,500. The total account balance experienced an improvement of 45.7% year-over-year,
reaching $18.9 billion, driven by strong net asset inflows exceeding $1.5
billion.

Moreover,
the company’s performance improved not only on an annual basis but also
sequentially. Revenue for the second quarter was reported at $66.1 million,
which is 6% less than the figure reported in the subsequent period.

Investors
using the Tiger Trade app can now access near-real-time insight about the
companies they invest in, thanks to a new partnership between Tiger Brokers and the Australian media fintech Grafa.

The
NASDAQ-listed online brokerage collaboration aims to empower retail traders to
make better investment decisions by providing information about US and
Australian stocks, as well as crypto, economy, and forex.

Integrating
Grafa’s AI-powered newsfeed into the Tiger Trade app will give users access to
data-driven news about the most popular assets.

“As a
majority of our Australian users trade both ASX and US stocks, gaining
near-real time insights about the companies they put money behind is as
critical as gaining access to the US market,” Jack Liang, the Vice
President of Tiger Brokers Australia, commented.

In addition
to the newsfeed integration, Grafa will offer Tiger Trade users a free 6-month
subscription to its advanced platform, which features market-screening
functionality, charting, and extensive data analysis. Grafa’s CEO, Heidi Cuthbert, highlighted the platform’s proprietary personalization, which notifies users of major events that impact their investments in real time.

“Right
now, Grafa has data and news about US and Australian stocks, but this will
quickly expand to include more global stock markets,” Cuthbert added.

For Tiger
Brokers, it is another offering update after January’s move to offer retail
traders in Hong Kong
the ability to trade cryptocurrencies . However, this would
not be possible without expanding the license granted by the Securities and
Futures Commission, which is held by UP Fintech Holding Limited, the operator of the Tiger
Brokers brand.

In
addition, Tiger Fund Management, a subsidiary of the Tiger Brokers Singaporean
branch, has launched its activities in the country following the acquisition
of its Capital Market Services, Fund Management license from the Monetary
Authority of Singapore. With assets under management exceeding SGD 300 million
($220 million), the company seeks to provide various asset management and
wealth management solutions to individual and institutional clients.

UP Fintech’s Revenue Goes
Up

UP Fintech recently
reported an uptick in its financial metrics for the third quarter. This includes
a notable increase in revenue, along with a rise in both trading volumes and
the number of active users. The firm’s revenue saw an impressive increase of
nearly 27% over the previous year, while its net income rose 13.5%.

Exciting News from Tiger with Q1-3 net income soaring to $42M, surpassing a two-year total!

Read more: https://t.co/YFpwnFUTaS#TigerBrokers #GlobalInvesting #FinancialSuccess pic.twitter.com/Kus3eimYyX

— Tiger Brokers Singapore (@TigerBrokersSG) November 27, 2023

The
company’s financial summary has revealed that total revenues escalated 26.6%
year-on-year, reaching $70.1 million, and net revenues experienced an uplift of 13.5% to $58 million.

There was
also a noticeable expansion in the brokerage’s customer base, with 24,604 new
funded accounts being opened in the third quarter, elevating the total to about
865,500. The total account balance experienced an improvement of 45.7% year-over-year,
reaching $18.9 billion, driven by strong net asset inflows exceeding $1.5
billion.

Moreover,
the company’s performance improved not only on an annual basis but also
sequentially. Revenue for the second quarter was reported at $66.1 million,
which is 6% less than the figure reported in the subsequent period.

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