Table of Contents
According to reports, Tiger Securities (Hong Kong), a subsidiary of Tiger International, has announced the launch of a cash management service. The company has also disclosed its i
According to reports, Tiger Securities (Hong Kong), a subsidiary of Tiger International, has announced the launch of a cash management service. The company has also disclosed its intention to apply for a virtual asset trading platform license in Hong Kong and is currently in discussions with relevant companies or plans to promote it in June this year. (Xingdao Daily)
Tiger Securities intends to apply for a virtual asset trading platform license in Hong Kong
I. Introduction
II. Overview of Tiger Securities
III. Cash Management Service Launch
IV. Virtual Asset Trading Platform License Application
V. Discussion with Relevant Companies
VI. Plans for Promotion in June
VII. Conclusion
VIII. FAQs
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# Tiger Securities Launches Cash Management Service and Plans to Apply for Virtual Asset Trading Platform License in Hong Kong
With the increasing popularity of virtual assets, securities companies are expanding into the digital asset industry. Tiger Securities, a subsidiary of Tiger International, has announced that it will be launching a cash management service and will apply for a virtual asset trading platform license in Hong Kong. The company is currently in discussions with relevant companies and plans to promote its services in June this year, according to reports by Xingdao Daily.
Overview of Tiger Securities
Tiger Securities is a Hong Kong-based online brokerage firm that began operations in 2014. The company offers investment and trading services for stocks, options, and futures products. It also offers margin financing, a technology trading platform, and a mobile app for users to trade on-the-go.
Cash Management Service Launch
In response to the growing demand for digital asset management services, Tiger Securities has launched a cash management service. The cash management service will enable users to transfer funds between their trading account and their bank account with ease. Users can also earn interest on their cash holdings while it is stored in their trading account.
The cash management service is an essential step towards expanding the company’s services and diversifying its offerings. It can also help attract new clients who are looking for ways to store their cash assets securely.
Virtual Asset Trading Platform License Application
Tiger Securities is also planning to apply for a virtual asset trading platform license in Hong Kong. Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), requires companies to obtain a license before starting digital asset trading services.
Obtaining a virtual asset trading platform license would enable Tiger Securities to offer digital asset trading services to its clients. This move is in line with the current trend of securities companies expanding their services to include cryptocurrency trading.
Discussion with Relevant Companies
To help Tiger Securities expand its digital asset services, the company is currently in talks with relevant firms. These discussions aim to strengthen the company’s position in the digital asset industry and enhance its competitiveness.
Plans for Promotion in June
Tiger Securities has announced plans to promote its digital asset services in June this year. The company hopes that the promotion will attract new clients and increase its market share in the digital asset industry. The move is a confident step that reinforces the company’s position as an innovative player in the financial industry.
Conclusion
Tiger Securities is a well-established securities company that is expanding its services to digital assets. With the launch of its cash management service and plans to apply for a virtual asset trading platform license, the company is strengthening its position in the digital asset industry. Its discussions with relevant companies and promotional plans demonstrate the company’s commitment to offering innovative services to its clients.
FAQs
1. What is Tiger Securities?
Tiger Securities is a Hong Kong-based online brokerage firm that offers investment and trading services for stocks, options, and futures products.
2. What is Tiger Securities’ cash management service?
The cash management service enables users to transfer funds between their trading account and bank account with ease. Users can also earn interest on their cash holdings while it is stored in their trading account.
3. What is Tiger Securities’ plan for promotion?
Tiger Securities plans to promote its digital asset services in June this year. The company hopes that the promotion will attract new clients and increase its market share in the digital asset industry.
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