Xiaomi-backed online brokerage Tiger Brokers is working with Alibaba Cloud for end-to-end technology support to its trading platform, Tiger Trade, to meet the secure and low-latency trading demands of its investors on the platform.
Tiger Brokers has been seeing a consistent increase in the number of investors onboarding the trading platform. Alibaba Cloud solution will help to ensure the speed of data flow on the app is not compromised.
Alibaba Cloud’s big data analytics will also provide relevant insights into Tiger Brokers’ investors trading behaviour, allowing them the chance to offer better service offerings and trading opportunities to meet the demands of their investors.
“With Alibaba Cloud’s service, we will be able to provide high performance and low-latency trading experience on the platform, as well as foresight into our business planning and expansion within the region,” said Kelvin Liu, VP of engineering at UP Fintech Holding, the official corporate name of Tiger Brokers.
“With Alibaba Cloud’s robust presence across the Asia-Pacific region, Tiger Brokers will be able to scale up our online platform across markets with ease when the opportunity arises,” said Liu.
Tiger Brokers intends to continue to enhance the functionality of its platform, augmenting their capability to serve corporate clients, as well as the execution of their global expansion strategy.
The technology collaboration with Alibaba Cloud is Tiger Brokers’ latest effort in strengthening their online platform, to enable investors to gain better access to best-in-class and up-to-date financial information for seamless trading experience.
“We hope to be the go-to trading platform for our investors to make the best, objective trading decisions when it comes to online investing — be it whether they are seasoned or new investors,” said Eng Thiam Choon, CEO of Tiger Brokers Singapore.
Tiger Trade officially launched in Singapore in February 2020, offering retail investors trading opportunities such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall.
Investors also have the opportunity to trade on six different exchanges — New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).