Online Brokerage Launches B2B Platform
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Xiaomi-backed Tiger Brokers is expanding its reach into the institutional segment with the launch of a business-to-business (B2B) platform.
Tiger Brokers is partnering Singapore-based financial advisory firm PFPFA as it launches a B2B platform for institutional partners, the company announced on Friday.
Under the partnership, PFPFA clients will have direct access to Tiger’s online brokerage and platform, which will include technological solutions such as advanced portfolio and risk management tools.
Tiger Brokers said it hopes to build on the success of Tiger Trade, its Singapore consumer platform that currently has close to 300,000 users since launching 1.5 years ago. It plans to rapidly grow its B2B segment in the coming months by offering its services to more financial institutions, including robo-advisors, banks, neo-banks and fund managers, the announcement said.
Questions & Answers
Q.Which specific financial advisory firm is Tiger Brokers partnering with for this new B2B platform launch?
Which specific financial advisory firm is Tiger Brokers partnering with for this new B2B platform launch?
Tiger Brokers is partnering with PFPFA, a Singapore-based financial advisory firm. This collaboration allows PFPFA's clients direct access to Tiger's online brokerage services and its advanced technological solutions.
Q.What kind of technological solutions will institutional partners be able to access through Tiger Brokers' B2B platform?
What kind of technological solutions will institutional partners be able to access through Tiger Brokers' B2B platform?
The B2B platform will offer technological solutions including advanced portfolio management tools and risk management tools. These are designed to support the needs of institutional partners like financial advisory firms.
Q.How many users does Tiger Brokers' existing consumer platform, Tiger Trade, currently have in Singapore?
How many users does Tiger Brokers' existing consumer platform, Tiger Trade, currently have in Singapore?
Tiger Trade, Tiger Brokers' Singapore consumer platform, currently has close to 300,000 users. It has achieved this user base since its launch one and a half years ago.
Q.What types of financial institutions does Tiger Brokers intend to target for its new B2B segment in the near future?
What types of financial institutions does Tiger Brokers intend to target for its new B2B segment in the near future?
Tiger Brokers plans to rapidly grow its B2B segment by offering services to various financial institutions. These include robo-advisors, traditional banks, neo-banks, and fund managers.
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