GunNDave
2021-06-27

Xiaomi-backed online brokerage Tiger Brokers Singapore today announced that it has received approval-in-principle to be admitted as a clearing member of The Central Depository (CDP).

Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading (SGX-ST) as well as Singapore Exchange Derivatives Trading (SGX-DT) for admission as a Trading Member.

Tiger Brokers expects to use these approvals-in-principle to improve the user experience and services it offers to clients.

“Tiger Brokers Singapore has always been focused on bringing a superior user experience to investors. These approvals-in-principle, together with our previous partnerships spanning financial data, cloud and financial technology, are part of our focus on providing a superior user experience to investors,” says Eng Thiam Choon, CEO of Tiger Brokers Singapore.

Tiger Trade launched in February 2020, offering retail investors to trade in equities, exchange-traded funds (ETFs), futures, stock options, warrants, callable bull/bear contracts, daily leveraged certificates, US-listed over-the-counter (OTC) equities and fund mall.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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