Tiger Brokers announced a 17.5% year-on-year rise in first-quarter operating profit, reaching $47.6 million. The report did not mention potential penalties from China's securities regulator regarding cross-border trading services.

Tiger Brokers reported a 17.5 per cent year-on-year jump in first-quarter operating profit in an announcement on Tuesday, without any mention of the looming punishment from China’s securities regulator over alleged unlicensed cross-border trading services. Tiger Brokers said its operating profit rose to US$47.6 million in the three months ended March 31, while revenue climbed 26.3 per cent from a year earlier to US$154.9 million. The growth was driven by a 536 per cent surge in Hong Kong trading...