Connect with us

Published

on

There are currently over 410,000 brokerage firms in America offering a range of financial services. However, as more and more ordinary citizens start trading, the brokerage firms that succeed will likely be the ones that empower retail investors by offering cutting-edge access to the market.

Around $362 billion in daily volume is traded on exchanges in the United States, with 58% of adults holding investments in the stock market.

Retail investors held 52% of all assets under management (AUM) in 2021; a number that is expected to increase to 61% by 2030. However, as the number of retail investors increases, there is an ever-growing need to establish the proper infrastructure to support them. The World Economic Forum (WEF) has called for the financial sector to better hear the voice of these everyday investors. The WEF called for more robust technology, including trading platforms that are better able to facilitate retail customer access to markets.

Stock brokers can help retail customers with everything that is involved with the mechanics of executing a trade. Technological developments have given stock brokers even more capabilities. These include the use of online apps to facilitate trading, as well as real-time market monitoring and faster transaction times. Apps that facilitate trading saw their best year yet in 2021, generating $22.8 billion in revenue and having a record 130 million users.Building New Solutions With Decades Of Industry Experience?

TradeUP Securities, Inc. looks to be an innovative brokerage company that provides support for the retail community. It has over thirty years of experience brokering market deals and empowering retail investors to build their global portfolios. It achieves this through its financial services, as well as its online trading platform and mobile app, TradeUP.

The firm provides its proprietary TradeUP platform to investors so they can trade anytime, anywhere. TradeUP maximizes trading flexibility as it is available through the web as well as through the TradeUP app for mobile and desktop. The platform includes multiple customized services such as in-depth charting and analysis, a suite of indicator and drawing tools, and a rapid order entry feature. The platform also allows extended trading from 4 AM to 8 PM EST.

As a broker-dealer firm that has been operating in the market for decades, TradeUP Securities has reportedly capitalized on numerous advancements in technology. It goes beyond the services of a traditional brokerage firm and offers innovative services for retail investors to stay on top of a constantly shifting market. The firm has lowered the barrier to entry for retail investors by offering commission-free trading for equities, exchange-traded funds (ETFs) and options. It also has a flat annual margin interest rate of 1.99%, which TradeUP says is the lowest rate among all $0 commission brokers.

The firm is affiliated with US Tiger Securities Inc., a leading equity underwriter. Along with US Tiger Securities, TradeUP Securities is able to provide a primary-access service to the markets, allowing exclusive subscriptions to initial public offerings (IPOs) and special purpose acquisition companies (SPACs).

TradeUP is a self-clearing firm, with around $4.5 billion in assets under management (AUM). Its self-clearing capabilities cut out any intermediary clearing houses, allowing TradeUP to provide full settlement and stock lending services, all in-house.

TradeUP provides its integrated brokerage services as a member of the New York Stock Exchange (NYSE), the Options Clearing Corporation (OCC) and the Depository Trust and Clearing Corporation (DTCC). TradeUP is regulated by both the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). Retails customer assets are protected by the Securities Investor Protection Corporation (SIPC), of which TradeUP is a member firm.

Through its suite of in-house services and with a platform powered by cutting-edge technology, TradeUP is able to offer its innovative approach to traditional investing that serves new and seasoned investors alike.

Want to learn more about TradeUP Securities, Inc.? Visit its website at tradeup.com.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Featured photo by TradeUP

Continue Reading

Sports

Hamlin, awaiting son’s birth, wins at Michigan

Published

on

By

Hamlin, awaiting son's birth, wins at Michigan

BROOKLYN, Mich. – Denny Hamlin is pulling off quite a juggling act.

Hamlin outlasted the competition at Michigan International Speedway for his third NASCAR Cup Series victory of the season and 57th of his career, juggling his roles as a driver, expectant father and co-owner of a racing team that’s suing NASCAR.

“The tackle box is full,” Hamlin said Sunday. “There’s all kinds of stuff going on.”

Hamlin, in the No. 11 Toyota, went low to pass William Byron on the 197th of 200 laps and pulled away from the pack to win by more than a second over Chris Buescher.

“Just worked over the guys one by one, giving them different looks,” he said.

Ty Gibbs finished third, matching a season best, followed by Bubba Wallace and Kyle Larson.

The 44-year-old Hamlin was prepared to leave his team to join his fiancée, Jordan Fish, who is due to give birth to their third child, a boy. If she was in labor by Lap 50 or sooner at Michigan, he was prepared to leave the track.

Hamlin said he would skip next week’s race in Mexico City if necessary to witness the birth.

To add something else to Hamlin’s plate, he is also co-owner of 23XI Racing with Michael Jordan, which is involved in a lawsuit against NASCAR.

He drives for Joe Gibbs Racing, which hadn’t won at Michigan in a decade.

“I think it’s the most underrated track that we go to,” said Hamlin, who has won three times on the 2-mile oval.

Hamlin became JGR’s winningest driver, surpassing Kyle Busch‘s 56 victories, and the 10th driver in NASCAR history to win after his 700th start.

“It feels good because I’m going to hate it when I’m not at the level I’m at now,” he said. “I will certainly retire very quicky after that.”

Hamlin’s team set him up with enough fuel to win while many drivers, including Byron, ran out of gas late in the race.

“It really stings,” said Byron, the points leader, who was a season-worst 28th. “We just burned more (fuel) and not able to do much about that.”

Hamlin, meanwhile, wasn’t on empty until his celebratory burnout was cut short.

Pole-sitter Chase Briscoe was out front until Byron passed him on Lap 12. Buescher pulled ahead on Lap 36 and stayed up front to win his first stage this season.

Ryan Blaney and Chase Elliott took turns with the lead before a crash involving Alex Bowman brought out the red flag on Lap 67.

Byron took the lead again after a restart on Lap 78 as part of his strong start and surged to the front again to win the second stage.

Carson Hocevar took the lead on Lap 152 and was informed soon thereafter that he didn’t have enough fuel to finish, but that became moot because a flat tire forced him into the pits with 18 laps to go.

Hocevar faded to a 29th-place finish, a week after he was second to match a career best at Nashville, where he created a buzz with an aggressive move that knocked Ricky Stenhouse Jr. out of the race.

Rough times for Bowman

Bowman hit a wall with the front end of his No. 48 Chevrolet as part of a multi-car crash in his latest setback.

“That hurt a lot,” he said after passing a medical evaluation. “That was probably top of the board on hits I’ve taken.”

Bowman, who drives for Hendrick Motorsports, came to Michigan 12th in points and will leave lower in the standings. He has finished 27th or worse in seven of his last nine starts and didn’t finish for a third time during the tough stretch.

Reddick rallies

Defending race champion Tyler Reddick qualified 12th, but started last in the 36-car field because of unapproved adjustments and rallied to finish 13th.

Up next

NASCAR shifts to Mexico City for its first points-paying international race in modern history on June 15.

Continue Reading

Sports

Skenes pitches another gem, again without win

Published

on

By

Skenes pitches another gem, again without win

PITTSBURGH — Paul Skenes is in a routine.

Pitch deep into a game. Allow a single run, if that. Walk away without a win.

That didn’t change Sunday. The 23-year-old Pittsburgh Pirates ace worked 7⅔ innings against the Philadelphia Phillies, giving up one unearned run on two hits with seven strikeouts and one walk. He was pulled with the game tied 1-all.

Skenes remained 4-6 in his sophomore season despite lowering his ERA to 1.88, second best in the National League behind the New York MetsKodai Senga (1.59).

This time, he didn’t mind the no-decision. Pittsburgh won 2-1, completing a three-game sweep and handing Philadelphia its fifth straight loss.

“I think we’ve been playing pretty good ball for a little bit now and either haven’t come out with [wins] or lost by a run or something like that in a few games,” Skenes said. “I’ve been happy with the baseball we’ve been playing. It’s nice to finally get some wins out of it, too. It’s easy to go on a losing streak, too, so we’ve just got to keep going.”

Skenes threw 97 pitches (62 strikes). He got through the first two batters of the eighth on four pitches before manager Don Kelly signaled for rookie right-hander Braxton Ashcraft, who entered as fans’ booing over the decision subsided.

“We felt like [Skenes] was done,” Kelly said. “He emptied the tank there that inning. Just felt like it was an opportunity to go to Ashcraft in that moment.

“Unbelievable. What can you say [about Skenes]? Just continued to fill up the strike zone, elite stuff. At the beginning, really sharp. Kind of in the middle, looked like it got it away from him. That’s just what he’s shown, that he’s able to dial it back in and just dominate the strike zone. He was unbelievable again today.”

Ashcraft picked up his first win in the majors after Andrew McCutchen hit a go-ahead, broken-bat single in the eighth.

The 25-year-old started with a walk of Brandon Marsh but recovered by getting Rafael Marchan to ground out to second. Returning for the ninth, he forced Alec Bohm into a game-ending double play as rain began to pour.

“It means a lot after somebody puts up a really good outing,” Ashcraft said. “[Skenes] has done that consistently this year. It means a lot to us, as a team, to be able to go out and get him that win. He didn’t get the win. I got the win. But, I mean, he got it just as much as I did.”

It was nothing out of the ordinary. Skenes gave up one run on three hits with eight strikeouts in eight innings against the Houston Astros on Tuesday in his previous outing, but the Pirates lost 3-0.

Skenes is 1-4 in his past eight starts, even though he has given up just five runs in 42⅓ innings over his past six. Pittsburgh has averaged 3.35 runs in his 14 starts and he is 0-2 in three games where he has gone into the eighth, despite allowing three runs total (two earned).

Cristopher Sanchez nearly matched Skenes on Sunday, giving up two runs and striking out nine in seven innings.

Dueling with another starter is fine with Skenes, but he doesn’t mind the alternative.

“It’s fun,” Skenes said. “Pitching in 10-0 games is fun, too.”

Continue Reading

Sports

Royals’ Caglianone goes 4-for-4 after slow start

Published

on

By

Royals' Caglianone goes 4-for-4 after slow start

CHICAGO — So much for that slow start for Jac Caglianone.

The sweet-swinging slugger went 4-for-4 on Sunday, helping the Kansas City Royals to a 7-5 victory over the Chicago White Sox. The perfect afternoon at the plate arrived after he went 2-for-21 in his first five games in the major leagues.

“A huge thanks to all the guys out here in the locker room,” Caglianone said. “They were very supportive through it all. Hitting balls hard, not really much to show for it. Thankfully, they found some grass today.”

Caglianone lined a single to center in the first inning. He doubled in the fourth, recording a 113.6 mph exit velocity on his drive into the gap in right-center. He singled again in the sixth and in the eighth.

“Jac’s had 20 at-bats, and he’s squared a bunch of balls up in those 20,” manager Matt Quatraro said. “Today he got rewarded for it.”

Caglianone, 22, was selected by Kansas City with the No. 6 pick in the 2024 amateur draft out of the University of Florida. The outfielder/first baseman batted .322 with 15 homers and 56 RBIs over two minor league stops before he was promoted by the Royals last week.

Caglianone made his major league debut Tuesday at St. Louis and went 0-for-5 in a 10-7 victory over the Cardinals. He hit a drive to right-center in his first at-bat, but center fielder Victor Scott II made a running catch just steps away from the outfield wall.

He got his first two hits when he doubled in a run in the opener of a doubleheader against St. Louis on Thursday and singled against the White Sox on Saturday.

“I can’t wait to see what that guy’s going to do in the big leagues,” catcher Salvador Perez said. “He’s one of the best. That’s a big dude, too, so I think he’s going to do well.”

Caglianone, listed at 6-foot-5 and 250 pounds, is being helped along by Perez and the rest of the Royals. Shortstop Bobby Witt Jr. has been trying to give him a new rule every day.

On Saturday, it was “Have two of everything,” Caglianone said.

“When you go and travel, so you can just kind of have a bag ready,” he continued. “I never thought of that. It’s more off-the-field stuff than it is on the field.”

Caglianone could make his home debut as soon as Tuesday night, when the Royals host the New York Yankees in the opener of a three-game series.

“I’m super fired up. I think I’m more excited for that than I was for the actual debut itself,” he said. “I have a lot of family and friends coming to that, so I’m excited to see them, and I’m excited to see all the fans at [Kauffman Stadium].”

Continue Reading

Trending