Benzinga | Nov 17, 2021 05:32AM EST

UP Fintech Holding Limited Announced it Will be Added to the MSCI China Small Cap Index

UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ:TIGR), a leading online brokerage firm focusing on global investors, today announced that the Company's stock will be added to the MSCI China Small Cap Index, effective as of market close on Nov 30, 2021.

To be added to the MSCI China Small Cap Index is a recognition of the company's growing profile and expanding user base that spans multiple international markets. Growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.

According to MSCI, the MSCI China Small Cap Index is designed to measure the performance of the small cap segment of the Chinese equity market. With 254 constituents, the index represents approximately 14% of the free float-adjusted market capitalization of the China equity universe.

Founded in 2014, the Company enables global investors to trade equities in The U.S., U.K., Hong Kong, Singapore, and Australia as well as futures, options, and funds. Since entering the Singapore market in 2020, the company has leveraged its internationalization strategy to rapidly scale its client base and strengthen its global reputation. In the second quarter of this year, over 60% of the Company's newly funded accounts were derived from international markets. Going forward, UP Fintech will continue to invest in enhancing its platform capabilities and further expanding its global presence.