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UP Fintech Holding Limited’s Singapore Subsidiary Receives Approval Regarding CDP Depository Agent in Singapore

StreetInsider2021-10-28

BEIJING, Oct. 28, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”), has received approval to be admitted as a CDP Depository Agent.

The Company expects to use such approval to provide our clients with a more comprehensive service offering and improve the user experience in Singapore.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itiger.com.

Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company’s growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 28, 2021. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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  • MO75
    ·2021-11-02
    Can Singapore buy Tiger over and register it a Singapore company. 
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  • Euphy
    ·2021-10-30
    For anyone that is scratching their heads and thinking tiger app will crash I suggest you guys to stop fooling around with the stock market and hit the books for a moment. The stock market is a form of garnering public capital funding i.e. banks, institution, etc (80% of the money) and us(less than 10%) if the stock price were to plummet to shit, the company in itself still churns it's own revenue and margins. Company don't just go bankrupt because stock crashes it just means they have lesser money to function, but don't mistake what I'm saying here, most tech stocks out there makes no revenue i.e. lucid. Those company requires public funding to function their future growth potential. Please DYOR before buying anything.
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  • Heng8818
    ·2021-10-29
    Hope tiger will not go bankrupt due to China regulation
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  • Avg123
    ·2021-10-29
    Anyone try this new feature by using tiger to sell the exiting shares from CDP account for broker fee saving? It's workable? 
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  • koolgal
    ·2021-10-29
    Good news for Singapore investors with CDP account.  I wonder when it is going to be implemented.  Any idea? 
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    • koolgal
      Me too. 👍😊
      2021-10-30
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    • Wayneqq
      Yay.. hope it will be able to access my CDP shares..
      2021-10-30
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    • koolgal
      Thanks 👍😊
      2021-10-29
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  • Dazz
    ·2021-10-29
    It will be a no brainer if we can use Tiger to buy CDP at the current rates. Cheapest so far should be DBSv but the user interface cannot be compared with Tiger.
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    • Guardian_J
      yea. tiger great
      2021-10-29
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    • Venus_M
      agree Vickers suck big time.   it freezes many times when I struggle to do a buy order esp I'm using mobile app only.   at the end I give up and stick to FSM and Tiger
      2021-10-29
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  • meowmeowme
    ·2021-10-28
    If I can buy shares and keep in CDP with Tigers and with same low cost, bye bye Vickers.But I doubt...
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  • Venus_M
    ·2021-10-28
    Why the fall then??  [疑问]   Isn't this a good news??
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  • 投资J
    ·2021-10-28
    那么我们买的新加坡股票是算在个人CDP吗?
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    • Venus_M
      currently haven't.  hopefully soon
      2021-10-29
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  • Bob87
    ·2021-10-28
    Did people even read the news? 
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  • Chifield
    ·2021-10-28
    It's just all the SG shares auto transfer to CDP? What's the implication? 
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  • lynlion
    ·2021-10-28
    But shares drop so much😭😭
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  • IamZhong
    ·2021-10-28
    How ah
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  • Jackytan
    ·2021-10-28
    Should be good. It means investors can buy shares and put in our own shares account, without needing Tiger to hold on their behalf. Brokers usually charge more for such transactions.Maybe people don't understand the news, thought it's some regulation by another govt, anyhow sell. 
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    • Chimpsey
      I think so too. this is good news.
      2021-10-28
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  • SquareGuy
    ·2021-10-28
    Singapore?
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  • eo1668
    ·2021-10-28
    why share drop so much premarket??
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    • Bob87
      Seems like it. Buy buy buy
      2021-10-28
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    • Chimpsey
      wrong interpretation?
      2021-10-28
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  • skytop
    ·2021-10-28
    Great 👍
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  • sexymint
    ·2021-10-28
    Huat ar
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  • Bogdanoff
    ·2021-10-28
    your stock is literally crashing right now, best to do a public relation or we're screwed! 
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