UP Fintech Gets Green Light for Securities Trading and Clearing in Singapore

UP Fintech Holding Limited (UP Fintech), known as “Tiger Brokers” in Asia, recently announced that its Singapore-based subsidiary has received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited ("SGX-ST") and Singapore Exchange Derivatives Trading Limited (“SGX-DT") and Clearing Member of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”).

According to the official press release, the leading online brokerage firm expects to utilise the Singaporean approvals to improve the user experience and services it offers to clients. In addition, the local entity is expecting to build a strong relationship with CDP and SGX to strengthen its presence in the Singaporean markets.

As Fazzaco reported earlier, UP Fintech has completed the acquisition of Ocean Joy Securities Limited ​(OJSL), a firm licensed with the Hong Kong Securities and Futures Commission (SFC) for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities. With the closing of this acquisition, UP Fintech expects to start to operate its brokerage business in Hong Kong.