Interactive Brokers Announces Strategic Investment in Tiger Brokers
September 21, 2017 17:00 KST
GREENWICH, CONN. & HONG KONG & AUCKLAND, NEW ZEALA--(Business Wire / Korea Newswire) September 21, 2017 -- Interactive Brokers Group, Inc. (NASDAQ GS:IBKR), the largest US electronic broker based upon daily average revenue trades, announced today that it has agreed to make a strategic investment in Tiger Brokers, an online stock brokerage startup established for global Chinese retail and institutional clients.
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“Interactive Brokers enthusiastically supports newly developing enterprises in the capital markets in Asia Pacific. Tiger has established one of the best initiatives that has come to our attention. They have superb management and technological knowhow,” said Thomas Peterffy, Chairman and CEO of Interactive Brokers. “We had an excellent experience working with their developers and believe that they are building a sound platform.”
Interactive Brokers Managing Director for Asia Pacific David Friedland added, “Tiger has proven to be innovative, driven and most capable of providing their clients with tools to ease access into global markets. They recognize the importance of best execution, a global offering and doing what is best for the end client. What they are building is quite exciting.”
Wu Tianhua, founder of Tiger Brokers said, “with support from IB since 2014, Tiger has been able to focus on building an exceptional user experience. It is reassuring to know that Interactive Brokers recognizes our technical strengths and potential. We are looking forward to a long and mutually rewarding relationship.”
He also noted, “by expanding and strengthening the collaboration with Interactive Brokers, we will continually secure a leading position in the Fintech market to provide U.S. stock brokerage service to the global Chinese community.”
About Interactive Brokers Group, Inc.
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IB Universal Account℠ to customers worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron’s Best Online Brokers review, March 20, 2017. We strive to provide customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.
About Tiger Brokers
Founded in 2014, Tiger Brokers is an online stock brokerage. Tiger Brokers’ securities business covers major international markets including U.S. stocks, Hong Kong stocks, and A shares (SH/SZ-HK Stock Connect). Product offerings include stocks, options, bonds, ETFs, and foreign exchange. In June 2017, Tiger was recognized by New York based research outfit CB Insights and awarded “2017 Fintech 250” at the “Future of Fintech” Conference. The company was also listed as one of the “Leading Fintech Top 50” by KPMG China in 2016.
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