Tiger Brokers (Singapore) Pte Ltd (“TBSPL”) is licensed by Monetary Authority of Singapore (“MAS”) under the Securities and Futures Act (“SFA”). Pursuant to SFA section 104 and Securities and Futures (Licensing and Conduct of Business) Regulation Part III, clients’ moneys and assets are segregated from TBSPL’s moneys and assets.
Clients’ moneys and assets are deposited and held in segregated trust and custodian accounts respectively. All banks and counterparties engaged by TBSPL to deposit and hold clients’ moneys and assets respectively are regulated by authorities in the US, Hong Kong or Singapore and may be members of Exchanges in their respective jurisdictions.
TBSPL performs due diligence on these counterparties to ensure that adequate controls are in place to safe keep clients’ moneys and assets.
US Markets: Transactions are cleared by Trade Up Securities, Inc. and shares are held in custody by Depository Trust Company (“DTCC”).
Hong Kong Markets: Transactions are cleared by Interactive Brokers (“IBKJR”) and custodised by Central Clearing and Settlement System (“CCASS”).
Singapore Markets: Transactions are cleared by TBSPL and shares are held in custody by the Central Depository, in accordance with SGX Rules.
Mutual Funds and Unit Trusts: Assets are custodised by IFAST Financial Pte Ltd and AllFund, Singapore Branch.