Conference Call Updates
$UP Fintech (TIGR.US)$ Updates from the Conference Call not mentioned in the Quarterly Report:
1) Total funded accounts in Singapore reached a new milestone of 200,000 as of August 2021.
1) Total funded accounts in Singapore reached a new milestone of 200,000 as of August 2021.
2) Trading volume (and hence, trading commissions) increased in Quarter 3 compared to Quarter 2
3) Tiger will clear 70% of US Securities by end of this year, up from current 50%. Effects of lower clearing costs in Singapore will also start to be seen in Quarter 1' 2022.
4) Do not expect any impact from ADRs moving back to Hong Kong. In fact, they are growing to be a strong contender in Hong Kong and will be able to ride on any market changes
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
老Uncle :
Stunfisk :
prolohz OP : Hope everyone has made money from my summary