Welcome to our dedicated page for Up Fintech Hldg news (Ticker: TIGR), a resource for investors and traders seeking the latest updates and insights on Up Fintech Hldg stock.
UP Fintech Holding Limited operates as an online brokerage firm for global investors, with American depositary shares trading under TIGR. Company news centers on unaudited earnings releases, account and funded-client trends, trading activity, client assets, commission and interest income, margin financing, wealth management service revenue, and IPO distribution income.
Updates also cover the Tiger trading platform's access to equities, options and other financial instruments, along with the company's international market activity in locations such as Singapore, Hong Kong and New Zealand. News involving YAX Exchange, a wholly owned subsidiary, adds digital-asset compliance and Hong Kong virtual-asset trading platform licensing themes to the company's operating coverage.
UP Fintech Holding Limited (TIGR) reported its Q3 2021 financial results, showing a 59.6% revenue increase year-over-year, totaling US$60.8 million. Non-GAAP net income stood at US$5.3 million. The company achieved a significant rise in customer accounts, with a total of 1.77 million and 612,000 accounts making deposits, driven by international expansion, particularly seeing over 80% of new funded accounts from overseas. UP Fintech plans further growth in Hong Kong and Singapore, having acquired new licenses for expanded service offerings.
UP Fintech Holding Limited (NASDAQ: TIGR) announced its Q3 2021 results, showcasing a 59.6% increase in total revenues to US$60.8 million. Net income surged to US$20.5 million, up from US$5.8 million year-over-year. The company successfully added 82,900 funded accounts in Q3, exceeding its earlier guidance. Key expansions include the acquisition of Ocean Joy Securities and the establishment of a dual headquarters in Singapore, enhancing its international growth strategy. Total account balance increased 88.3% year-over-year to US$20.6 billion.
UP Fintech Holding Limited (NASDAQ: TIGR) announced its addition to the MSCI China Small Cap Index, effective at market close on Nov 30, 2021. This inclusion acknowledges the company's expanding user base and platform capabilities, particularly appealing to global investors. The MSCI China Small Cap Index consists of 254 constituents and represents about 14% of China's market capitalization. UP Fintech's internationalization strategy, particularly since its entry into Singapore in 2020, has significantly contributed to its growth, with over 60% of new accounts from international markets.
UP Fintech Holding Limited (NASDAQ: TIGR) announced it will release its third-quarter financial results for the period ending September 30, 2021, before U.S. markets open on November 30, 2021. The company will host an earnings conference call at 8:00 AM Eastern Time. Due to COVID-19, participants must preregister for the call, as operator-assisted calls are not available. The call will be accessible via a live and archived webcast on their investor relations website.
UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (TBSPL), has received approval as a Trading Member of Singapore Exchange Securities Trading Limited (SGX-ST) and as a Clearing Member of The Central Depository (Pte) Limited (CDP). This approval aims to enhance user experience and strengthen TBSPL's market presence in Singapore. UP Fintech emphasizes its commitment to providing superior services and innovative trading solutions to global investors.
UP Fintech Holding Limited (Nasdaq: TIGR) has successfully completed the acquisition of Ocean Joy Securities Limited, a firm licensed by the Hong Kong Securities and Futures Commission for regulated activities. This acquisition enables UP Fintech to commence its brokerage operations in Hong Kong, enhancing its market presence. The company aims to leverage its advanced technology and mobile-first strategy to improve customer service and attract new clients while providing diverse financial instruments across multiple exchanges globally.
UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd., has been approved as a CDP Depository Agent. This approval aims to enhance client services and improve the user experience in Singapore. The company is recognized for its mobile and online trading platform, offering a range of brokerage services including trade execution and investor education.
UP Fintech Holding Limited (Nasdaq: TIGR) has received approval from the Hong Kong Securities and Futures Commission to acquire Ocean Joy Securities Limited. This acquisition will enable UP Fintech to commence operations in Hong Kong's brokerage market. The firm is focused on providing comprehensive trading services and innovative solutions for global investors on its proprietary trading platform. The Company aims to enhance market presence and expand its customer base through this strategic move.
Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported diluted earnings per share of $0.43 for Q3 2021, down from $0.58 in Q3 2020. Adjusted diluted EPS rose to $0.78 from $0.53. Net revenues totaled $464 million compared to $548 million in the prior year, while adjusted net revenues were $650 million, up from $518 million. The company declared a quarterly dividend of $0.10 per share. Customer accounts and equity increased by 57% and 52% respectively, with total DARTs rising 24%.
StackHabit, an automated wealth creation platform and SEC Registered Investment Advisor, is now available to residents of all 50 US states as of October 5, 2021. Founded in March 2021 by Cullen Breen and Ben Buchanan, StackHabit aims to democratize high-quality investing through concentrated portfolios primarily in equities. The platform allows clients to set up investment or retirement accounts based on their risk profile with no fees for buying or selling stocks. StackHabit collaborates with Tradingfront (NASDAQ: TIGR) for automation and custodies assets with Interactive Brokers (NASDAQ: IBKR).