Online
brokerage firm Tiger Brokers (NASDAQ: TIGR) announced today (Tuesday) the
integration of DeepSeek-R1 artificial intelligence model into its TigerGPT
investment platform, marking the first implementation of this technology by a
global brokerage service.

This move
should come as no surprise, given that the owner of the Tiger Brokers brand—Up Fintech—hails
from China, which is also home to High-Flyer, the fund that owns and funds
DeepSeek.

Tiger Brokers Implements
DeepSeek AI Technology

The
integration enhances the platform’s analytical capabilities through improved
logical reasoning and financial data processing. According to the company, the
upgraded system provides multi-step analysis of market movements, stock
performance, and investment opportunities.

For Tiger
Brokers, this is not their first venture into AI. In April 2023—nearly two
years ago—the company became the first broker in the industry to
introduce an AI-based investment assistant known as TigerGPT. Although the
name references DeepSeek’s competitor, ChatGPT, the firm kept its original
branding when implementing the new large language model.

“Tiger has
always been dedicated to making global investment simpler and smarter through
technological innovation,” Tianhua Wu, Tiger Brokers’
CEO, said. “The integration of DeepSeek has enhanced TigerGPT’s logical
reasoning abilities, enabling it to analyze market shifts more clearly and
interpret investment opportunities more effectively.”

What’s New

The
platform now processes various data points, including market trends, technical
indicators, and sentiment analysis, while maintaining access to Tiger’s
financial database. Company data shows TigerGPT has processed over 1.17 million
conversations since its 2023 launch, with current weekly interactions exceeding
18,000.

In 2023, Finance
Magnates exclusively reported that Tiger Brokers’ clients achieved
an 81% success rate with the new AI assistant. The current version, based
on DeepSeek, is reportedly even more accurate.

“With
Tiger’s unique financial data support, the upgraded TigerGPT offers
professional investment insights, empowering both novice investors and
experienced professionals to make more informed decisions in complex market
conditions, ultimately driving long-term investment value,” Wu added.

The
upgraded service will first roll out to users in Mainland China and Singapore
without additional charges. Tiger Brokers indicates plans for further AI
development, including additional investment analysis tools and personalized
services.

The company
emphasized, however, that information provided through TigerGPT serves as
reference material and should not be considered financial advice.

Volumes and New Crypto
Offering

Tiger
Brokers saw a sharp increase in trading activity and financial performance in
Q3 2024, according to Up Fintech ’s latest earnings report. The
company reported record trading volumes and commission revenue, with net
asset inflows rising 134% year-over-year. The integration of Cash Boost with
Central Depository (CDP) accounts contributed to a 43% quarter-over-quarter
increase in trading orders.

Up Fintech
as a whole experienced a 44.1% year-over-year revenue increase and a 15.6%
quarterly rise, attributed to higher trading volumes and greater client
engagement. The company’s non-GAAP net income for the quarter reached $20.1
million, reflecting a 286.5% increase from the previous quarter and a 25.6%
year-over-year growth.

In June
2024, Tiger Brokers received approval from Hong Kong regulators to
provide virtual asset trading services to retail investors. This license
allows individual traders to buy and sell Bitcoin and Ethereum through Tiger
Trade, the company’s primary trading platform. Previously, the firm had limited
virtual asset trading to professional investors.