Tiger Brokers New Zealand adds AustralianSecurities Exchange to its online and mobile trading platform
NewZealand online stock brokerage Tiger Brokers, which has been operating since 2015,has added the Australian Securities Exchange (ASX) to its digital tradingplatform, Tiger Trade, from 15 December 2020.
TigerBrokers’ mobile and online trading platform, Tiger Trade, enables investors totrade in equities and other financial instruments on multiple exchanges aroundthe world using one integrated account.
Theaddition of the ASX to the trading application brings the current number ofexchanges available to Tiger Brokers New Zealand investors to six includingAustralia, China, Hong Kong, Singapore and the United States.
“Sinceearly this year we have seen substantial interest from New Zealanders ininternational equities. Trading on the ASX in the year to July 2020 was up 21percent, so it was natural that we would offer ASX trading on Tiger Trade toKiwi investors,” says Tiger Brokers New Zealand Chief Executive Officer VincentCheung.
Additionallyto the ASX, Tiger Brokers’ local customers can now access more than 7,000listed equities on the New York Stock Exchange (NYSE), NASDAQ,Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX)and the Singapore Stock Exchange (SGX).
The top10 stocks traded on the Tiger Trade platform include Tesla, Alibaba, Apple andNetflix from the NYSE and NASDAQ, and Tencent and Alibaba on the Hong KongExchange.
MrCheung says mobile and online technology provides convenient access for retailinvestors to international markets; “access to another popular exchange such asthe ASX will allow investors to further diversity their investment portfolio.”
TigerTrade has experienced increasing numbers of account openings and transactions.Retail investors are increasingly comfortable using online and mobile tradingplatforms, reflecting the growing digitisation of the financial servicesindustry.
It can be seen from the UP Fintech (Tiger Brokers New Zealand’s parentcompany) Q3 2020 statement, as of 30 September 2020, the total account balancereached US$10.9 billion, a 188% year-on-year increase.
TheTiger Trade mobile application is available for download on Apple App store andGoogle Play store.
About Tiger Brokers
Foundedin June 2014, Tiger Brokers, NASDAQ listed company (TIGR), is an online stockbrokerage. The company is committed to serving the best interests of stockinvestors and being a gateway to build their global portfolios. In 2017, thecompany was awarded "2017 Fintech 250" by CB Insights and shortlistedfor "China Leading Fintech 50" for two years in a row by KPMG China.
TigerBrokers (NZ) Limited (TBNZ) is a New Zealand registered financial service provider
(FSP473106). Tiger Brokers' feature-rich online trading app is designed for self-directed investors to access the thriving stock markets of US, China and Hong Kong and Australia, to build global investment portfolios.Disclaimer
None ofthe information contained in this news release constitutes an offer (orsolicitation of an offer) to buy or sell any currency, product or financialinstrument, to make any investment, or to participate in any particular tradingstrategy. The information is not intended to be and does not constitutefinancial advice, investment advice, trading advice or any other advice orrecommendation of any sort offered or endorsed by Tiger Brokers. Tiger Brokersalso does not warrant that such information is accurate, up to date orapplicable to the circumstances of any particular case. Any expression ofopinion (which may be subject to change without notice) is personal to theauthor and the author makes no guarantee of any sort regarding accuracy orcompleteness of any information or analysis supplied. The authors and TigerBrokers are not responsible for any loss arising from any investment based onany perceived recommendation, forecast or any other information contained here.The contents of this news release should not be construed as an express orimplied promise, guarantee or implication by Tiger Brokers that clients willprofit or that losses in connection therewith can or will be limited, fromreliance on any information set out here.
