Broker Charges for multiple buy/sell of same stock in same day.

Hi all

I'm wondering if any buddies have the experience of buying a stock in one day at different prices, eg 2 lots at $4 and 2 lots at $3.9.

Is the brokerage counted as one transaction(eg if its min $25, then $25 is charged) or two transactions @ $50($25*2)?

thanks and regards

(15-06-2014, 04:14 PM)LikeWise Wrote: Hi all

I'm wondering if any buddies have the experience of buying a stock in one day at different prices, eg 2 lots at $4 and 2 lots at $3.9.

Is the brokerage counted as one transaction(eg if its min $25, then $25 is charged) or two transactions @ $50($25*2)?

thanks and regards

Correction: It will count as ONE transaction if you indicated “Yes” for the amalgamation option.

Your broker should be able to help you with that.

wat if u put 2lots at $4 get it filled then put another 2lots at $4? 2 transaction charges or 1?

(15-06-2014, 05:16 PM)ianphoon Wrote: wat if u put 2lots at $4 get it filled then put another 2lots at $4? 2 transaction charges or 1?

That will be considered as 2 trades UNLESS the investor indicated “YES” for amalgamation of contracts before putting in the order.

Amalgamation/consolidation of trades need to meet some conditions though.

I think POEM automatically will combined them under one charge. I could be wrong.

My personal experience is that most brokers amalgamate the transactions by default for SGX transactions. In fact, i have not encountered a broker that doesn't.

Some brokers, like Saxo, will not amalgamate... but they are in the minority.

(15-06-2014, 06:11 PM)corydorus Wrote: I think POEM automatically will combined them under one charge. I could be wrong.

You are right. I often have numerous transactions with different prices on a stock in a day, both for sale or buy. At the end of the day, it is counted as one transaction, with average price.

I am using POEM

(15-06-2014, 04:14 PM)LikeWise Wrote: Hi all

I'm wondering if any buddies have the experience of buying a stock in one day at different prices, eg 2 lots at $4 and 2 lots at $3.9.

Is the brokerage counted as one transaction(eg if its min $25, then $25 is charged) or two transactions @ $50($25*2)?

thanks and regards

I just checked with my CIMB Broker, he said count as 1 trade(amalgamate to one contract. charged 25).

Maybe we can share in case its different for different brokers?

Multiple orders of the same counter, same action (buy/sell) carried out in the same day will be amalgamated. I believe charges including the min. charge are based on amalgamated orders. Should be the case for most brokerage houses but please check your brokerage houses for their rules.

See Q8 under Trading matter in L&T website FAQ for full explanation:
http://www.eq.com.sg/page/site/public/fa...open-panel