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.