TradeUP Securities is a one-stop securities trading, clearing and financing solution. As a CBOE EDGX, NYSE, DTCC and OCC member, TradeUP provides order execution, securities clearing and financing services for its retail and institutional clients.
The company has created a leading platform optimized for mobile with advanced charts and in-depth analytics that help traders make the most of their time in the market. And within the next few months, TradeUp will release its Professional Platform built for the most experienced traders.
The company has created a leading platform optimized for mobile with advanced charts and in-depth analytics that help traders make the most of their time in the market. And within the next few months, TradeUp will release its Professional Platform built for the most experienced traders.
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NewsTranscript
00:00 Hey everyone, it's Jordan Robertson with Benzinga and joining me today is Vincent Lupo, COO
00:07 at TradeUp.
00:08 Thanks so much for being here.
00:09 How are you?
00:10 Hi, thank you for having me.
00:11 Absolutely.
00:12 So to kick things off, can you give the viewers an overview of your company?
00:15 Sure.
00:16 So TradeUp Securities is a fintech brokerage firm.
00:20 We're a comprehensive solution for equity, option, ETF trading, clearing, financing.
00:27 We have a mobile app, desktop app, a web version of the app.
00:31 So all the apps speak to each other.
00:34 So you have your information at your fingertips at all time.
00:38 We have a professional staff for the customer service for our clients.
00:42 So you have a true full fintech brokerage firm with a traditional customer service firm.
00:48 And talk to me a little bit more about the app.
00:49 What kind of features make TradeUp's app different?
00:52 So first and foremost, we're a commission free firm.
00:55 So we don't charge commissions for equities, options, ETF trading.
01:00 We have one of the lowest margin financing rates in the business.
01:04 We offer a level two quotes for free and a suite of analytical tools for free.
01:09 So the client can make their own informed decision in the financial markets.
01:15 Wonderful.
01:16 And you say you're committed to transparency, security, and customer satisfaction.
01:20 How do you actually go about following through on this commitment?
01:22 Well, we're a self-clearing firm.
01:24 We don't rely on third parties.
01:27 We also custody the assets for our clients.
01:31 Our technology is built around our clients' needs.
01:35 So they all always have their data at their fingertips.
01:38 And we make sure that the data is secure.
01:40 So there is comfort to the clients knowing the securities and their trading and their
01:44 data is safe with us.
01:46 Absolutely.
01:47 And how has the influx of retail traders in the last few years affected the market and
01:51 the way that traditional players now do business?
01:53 Well, the last few years, obviously, there's been a big influx in the trading community,
01:58 especially in the retail space.
02:02 Firms like us, fintech firms like us, have contributed to that influx of trading, obviously,
02:10 by providing the tools and data and the things I mentioned before about trading commission
02:17 free.
02:18 It's made the retail investor come into the community, trying to manage their own finances
02:24 and make informed decisions.
02:26 And the thing is, the young professionals out there are trying to seek their own financial
02:31 independence, which I think is tremendous.
02:33 And I've been in the business for over three decades.
02:36 And I'm happy to be a part of this and have a firm like TradeUp help them achieve their
02:41 goals.
02:42 And do you see any major regulatory changes on the horizons for platforms like yours?
02:46 So we have oversight by FINRA and the SEC, and we align with their perspectives of protecting
02:52 the client's assets.
02:54 So it's important for us to make sure that our tech is built to attain those commitments
03:02 to the regulatory bodies.
03:04 And we're looking at the AI things that are going on, the machine learning, digital tokens
03:12 and crypto.
03:13 So we keep an eye and we monitor all that.
03:15 But at the end of the day, our foremost responsibility is to protect the client's assets and be fully
03:22 transparent with them.
03:23 And last question, do you have any new offerings on the horizon we can look forward to?
03:28 Sure.
03:29 We will be launching a professional trading app, different than the retail app, some of
03:35 the same features, but dedicated to more of a professional trader.
03:40 Also in the first quarter of next year, we'll probably launch fixed income trading for the
03:44 retail investors.
03:46 And also we do service to institutional investors with our apps.
03:49 So all in all, we're a full fledged fintech brokerage firm that can suit the institutional
03:56 investor and the retail investors.
03:58 That's wonderful news.
03:59 Well, thank you so much for being here.
04:00 That's all I have for today and I hope to see you back real soon.
04:02 Great.
04:03 Thank you for having me.
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