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Tiger Brokers, fintech Grafa partner on AI data
Brokerage app gives Australian traders access to news about high performing US stocks
The Asset 19 Mar 2024

Beijing-based, Nasdaq-listed online brokerage Tiger Brokers has partnered with Australian media fintech Grafa to roll out artificial intelligence (AI)-driven data, news and analysis into its brokerage app.

Under the arrangement, the brokerage will incorporate fintech’s AI-powered newsfeed into its brokerage app, Tiger Trade, which will give users access to data-driven news about US and Australian stocks as well as crypto, economy and foreign exchange.

Notable gains by US stocks, including Microsoft, Apple and Nvidia, which have dwarfed the performance of many Australian Securities Exchange (ASX)-listed companies, has fuelled interest in trading platforms like Tiger Trade, the company says, over the past 12 months.

“As a majority of our Australian users trade both ASX and US stocks, gaining near-real time insights about the companies they put money behind is as critical as gaining access to the US market,” notes Jack Liang, Tiger Brokers Australia’s vice-president. “The collaboration with Grafa gives us a competitive edge to empower our customers to make insight-led decisions, enabling our traders to become smart investors.”

Heidi Cuthbert, the fintech’s CEO, adds: “Right now, the newsfeed has data about US and Australian stocks, but this will quickly expand to include more global stock markets.”

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