3 June 2023: Tiger Gpt

I have used tiger gpt for awhile and indeed it is getting better and better. With a few months ahead of its competitors at the minimum on this race, the speed of data collection and with user experience enhanced for the final product, I am sure tiger brokers will be able to meet at the very minimum account opening of 100k funded accounts in 2023. It already have over 800k funded accounts if I did not remember wrongly.

It has around 31k of funded accounts opened in 1q2023 and its customer assets is around 16 billion USD. It is around 1/3 of futu customers deposits but it's market cap is less than 10 percent of futu.

If you take a look, futu of its scale only managed to open 40k funded accounts in 1q. The gap is getting smaller and with tiger having yet to tap into hk market aggressively plus it's percentage of self clearing going up in Hong Kong, I believe tiger brokers operational efficiency should go up as well.

Product wise, tiger gpt is clearly ahead of futu!

The gap between tiger and Futu should close. Though profit margin is still a gap, market is forward looking and I do believe tiger brokers has a chance to catch up in market cap as long as china does not make things difficult for tiger brokers and Futu.

In fact, tiger brokers should benefit China and it really depends on whether China recognises this.

As always, this should not be construed as any investment or trading advice.