Interactive Brokers Announces Strategic Investment in Tiger Brokers

20-Sep-2017 Intellasia | BusinessWire | 8:34 PM Print This Post

GREENWICH, Conn. & HONG KONG & AUCKLAND, New Zealand–(BUSINESS WIRE)–$IBKR #IBKR–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.


“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.

Contacts

For Interactive Brokers Group, Inc.
Investors:
Nancy
Stuebe, 203-618-4070
nstuebe@interactivebrokers.com
or
Media:
Kalen
Holliday, 203-913-1369
kholliday@interactivebrokers.com
or
Tiger
Brokers media contact:

liuzheng@tigerbrokers.com

 


Category: BusinessWire, PRAsia

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