Security & Custody

2020-09-30 18:11:29

Tiger Brokers (Singapore) Pte Ltd ("TBSPL") is licensed by the Monetary Authority of Singapore (“MAS”) and the Securities and Futures Act ("SFA") section 104, and Securities and Futures (Licensing and Conduct of Business) Regulation Part III. Client’s moneys and assets are deposited into segregated trust and custody accounts, respectively.

Client’s moneys and assets are deposited in a trust and custody account managed by a custodian bank or brokerage firm. TBSPL may engage different licensed brokerage firms to manage customized investments in different markets. These brokerage firms are regulated by the authorities in the US, Hong Kong and Singapore and may be members of the exchanges in their respective jurisdictions.

TBSPL performs due diligence on the counterparties and ensures that adequate controls are in place to monitor client’s funds on an on-going basis.

TBSPL offers direct market access globally.

Investments Custody: Tiger engages the services of different banks and prime brokers as custodians, for different market products and asset classes.

US market: Client's shares, cleared and held by Interactive Brokers (“IBKR”) and TradeUP Securities, Inc. ("TradeUP") are ultimately held by Depository Trust Company (“DTCC”).

Hong Kong market: Client's shares, held by Interactive Brokers (“IBKR”), are ultimately held by Central Clearing and Settlement System (“CCASS”).

Singapore market: Client's shares, held by DBS Bank Ltd, are ultimately held by The Central Depository (“CDP”).

Funds Custody: Client’s moneys are deposited with DBS Bank Ltd.