Fintech News Trading

FinTech Trading Platform TradeUP Introduces Hong Kong Stock Trading

FinTech Trading Platform TradeUP Introduces Hong Kong Stock Trading

TradeUP, an online trading platform that offers commission-free trading of U.S. stocks and ETFs, introduced Hong Kong stock trading to its mobile platform . The unique offering of Hong Kong stock trading gives U.S. investors a distinctive opportunity to access one of the most liquid markets in the world and expand their portfolios to include international stocks.

Read More: GlobalFintechSeries Interview with Raymond Wyand, CEO & Co-founder at gini

With a history of high trading volumes, as well as a continued effort to list new companies and startups, the Stock Exchange of Hong Kong Limited (SEHK) attracts investors from all over the world who are interested in Asia’s steady economic growth. SEHK topped global ranking for IPO markets in 2019 — the seventh time in 11 years — with several of 2019’s biggest listings, including Alibaba and Budweiser APAC (2019 Final Results).

In addition to having strong financial infrastructure and a reputation for high regulatory standard, one of the key attractions of the Hong Kong market is its location. Viewed as the financial gateway to China, SEHK is the listing destination for international firms who seek to expand into the Chinese and Asian markets. Many Chinese companies are listed on SEHK, making up a substantial proportion of the Exchange’s market capitalization.

Read More: GlobalFintechSeries Interview with Griffin McGahey, President at HC3

“There are very few platforms in the U.S. that let users trade Hong Kong stocks. TradeUP aims to fill this gap by providing domestic investors the possibility to diversify their investments internationally, especially amid volatile equity prices back home,” said Ryan Song, director of TradeUP.

To facilitate a seamless user experience, TradeUP offers an all-in-one account, allowing users to trade U.S. stocks during the day and Hong Kong equities during the night without having to switch between accounts. There is no minimum balance requirement to open such an integrated account. Users benefit from one of most competitive commission fees in the market, as low as 0.08% of trade value (min HKD 18 per order). Moreover, the account may also be eligible for shorting, margin financing and day trades.

Rooted in FinTech, TradeUP introduced its proprietary mobile trading app in Jan 2020, followed by a launch of its web-based trading platform two months later. TradeUP offers efficient data analysis and trade execution with a wide array of advanced tools and real-time access to streaming market information. The addition of Hong Kong stock trading echoes TradeUP’s vision for the financial service industry to enhance users’ abilities to invest around the clock and around the world with ease.

Read More: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal

Related posts

EPSi Releases Covid-19 Planning Analytics Tool

Burford Capital Appoints Kenneth A. Brause As Chief Financial Officer

daVinci Payments Opens London Office to Meet Global Demand for Real-Time Payments

Fintech News Desk
1