Interactive Brokers Makes Strategic Investment In Chinese Online Brokerage Start-Up Tiger Brokers

Interactive Brokers Group, Inc., the largest U.S. electronic broker in terms of daily average revenue trades, said it has agreed to make a strategic investment in Tiger Brokers, a Chinese online stock brokerage start-up backed by China Growth Capital and others.

No financial details were disclosed. In March, Tiger Brokers, a one-stop stock trading platform for global Chinese-speaking investors to access cross-border investment portfolios globally, said renowned stock investor Jim Rogers, chairman of Rogers Holdings, had agreed to make an investment in itself, without disclosing how much the investment amounted to.

"Interactive Brokers enthusiastically supports newly developing enterprises in the capital markets in Asia Pacific. Tiger has established one of the best initiatives that has come to our attention. They have superb management and technological know-how," said Thomas Peterffy, chairman and CEO of Interactive Brokers, in an announcement. "We had an excellent experience working with their developers and believe that they are building a sound platform."

Established in 2014, Beijing-based Tiger Brokers raised RMB100 million (US$14 million) series B+ round led by China Growth Capital in March this year. In 2016, it received a RMB200 million (US$29 million) series B round from CITIC GoldStone Fund Management Co., Ltd. and Huagai Capital. One year prior, it completed a RMB100 million (US$16 million) financing around led by Chinese smartphone maker Xiaomi Inc.

"by expanding and strengthening the collaboration with Interactive Brokers, we will continually secure a leading position in the Fintech market to provide U.S. stock brokerage service to the global Chinese community," said Wu Tianhua, founder of Tiger Brokers.

Tiger Brokers’ securities business covers major international markets including U.S. stocks, Hong Kong stocks, and A shares. Product offerings include stocks, options, bonds, ETFs, and foreign exchange.