Singapore Exchange (SGX)

[CityFarmer]

A news report on SGX result below. Derivative trades are the key contributor base on the report.

(not vested)

Singapore Exchange 4Q net income climbs 43% as futures jump

Singapore Exchange, operator of Southeast Asia’s biggest stock market, said fiscal fourth- quarter profit rose 43% as trading of derivative contracts climbed to a record and stock volumes rebounded.

Net income increased to $87.6 million in the three months ended June 30, compared with $61.1 million a year ago, the company said in a statement today. That’s lower than the S$92 million average estimate by six analysts in a Bloomberg News survey.

http://www.theedgesingapore.com/the-dail...-jump.html

[AlphaQuant]

finally this comes!

http://infopub.sgx.com/FileOpen/20130819...eID=252922

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Singapore Exchange (SGX) is consulting the public on its proposal to reduce the standard board lot size of securities listed on SGX from 1,000 to 100 units, with a view to reducing it to 1 unit in the longer term. The reduction of the board lot size to 100 units as a first step will allow SGX to assess the market impact before unitising the standard board lot.

[freedom]

without removal of minimum commission, reduce the size of board lot is not helpful.

[pianist]

like that i will wait to sell off my existing odd lots ?

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without removal of minimum commission, reduce the size of board lot is not helpful.

removal of minimum commission will come along with it i think

[d.o.g.]

About time. 10 years behind, but better late than never. Even Bursa Malaysia already has a board lot size of 100 units. ASX board lot is 1 unit. Could it be possible that SGX is finally deciding to make life less miserable for retail investors? Maybe after all the high-frequency traders left, they realized that there was nobody else to cater to...

without removal of minimum commission, reduce the size of board lot is not helpful.

For stocks with high per-share prices, the minimum commission is not an issue e.g. Jardine C&C trades at $38 per share. Buying 100 shares would cost $3,800 and the minimum commission of $30 ($25++) would mean costs of under 1%.

Also there has been prior discussion of Stanchart's scheme which has no minimum commission, combining that with a smaller board lot size could be very effective for small investors.

[AlphaQuant]

without removal of minimum commission, reduce the size of board lot is not helpful.

you can always drop an email to rules@sgx.com to pop a suggestion.

[freedom]

I was hoping for board lot of 1 share. maybe that will drive companies to reverse split.

[NTL]

Good for selling the little bit of odd lots collected from bonuses and scrip dividends, rather than in the odd lot counter now due to liquidity.

[freedom]

without removal of minimum commission, reduce the size of board lot is not helpful.

you can always drop an email to rules@sgx.com to pop a suggestion.

doubt that SGX is regulating that. I always thought that local cartel controls it.

[NTL]

I was hoping for board lot of 1 share. maybe that will drive companies to reverse split.

Just wondering, will there be too many ultra small investors for companies to handle when sending out letters and Annual Reports?