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Benzinga
Benzinga
World
The Bamboo Works

Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets

Futu Up Fintech fintech Doug Young China Hong Kong United States

Key Takeaways:

  • UP Fintech and Futu reported sharp first-quarter revenue declines as weak stock markets caused trading commissions to slide
  • Futu reined in spending during the period, while UP Fintech’s spending rose on aggressive hiring for its global expansion  
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