TigerWit Group, a provider a wide range of trading platforms for foreign exchange (FX), metals, and contracts-for-differences (CFDs), has unveiled plans to broaden its scope and expansionary agenda in the Southeast Asian region, according to a company statement.
The announcement follows on the heels of an aggressive campaign since the group’s inception in 2015. Since then, TigerWit has worked to increase its market penetration in China and Southeast Asia, two of the biggest markets with a latitude for growth. During this period, the group has also seen a healthy uptick in its trading clientele, as well as volumes.
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TigerWit’s continued foray into the South East Asian markets represents a continuation of its strategy to capture a massive market as traders enter into the arena of online trading. While China and Asia rank much lower in terms of aggregate numbers of traders or participation in online platforms relative to their European counterparts, its clear the future will be dictated by this region.
According to Summer Xu, CEO of TigerWit in a recent statement on the company expansion, “In the past year the TigerWit team has worked very hard to establish the firm within a competitive market place by differentiating its product offering with superior technology that enriches the trading experience.”
“We are very excited about what the future holds for TigerWit and our customers. TigerWit is dedicated to implementing the best business practices and providing exceptional levels of client protection. We have a clear roadmap for 2017 to secure authorisations that will further assist us in our growth plans,” she added.