Online brokerage firm UP Fintech Holding Limited (NASDAQ:TIGR), also known as Tiger Brokers, today announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) to complete the acquisition of Ocean Joy Securities Limited (OJSL).
Ocean Joy Securities is a firm licensed with the SFC for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities.
Tiger Brokers expects to complete the acquisition and, upon completion, expects to start to operate its brokerage business in Hong Kong.
Tiger Brokers’ 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.