Singapore Exchange (SGX)

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#41
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
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#42
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.
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#43
without removal of minimum commission, reduce the size of board lot is not helpful.
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#44
like that i will wait to sell off my existing odd lots ?

(19-08-2013, 05:24 PM)freedom Wrote: 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
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#45
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...

freedom Wrote: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.
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I do not give stock tips. So please do not ask, because you shall not receive.
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#46
(19-08-2013, 05:24 PM)freedom Wrote: 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.
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#47
I was hoping for board lot of 1 share. maybe that will drive companies to reverse split.
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#48
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.
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#49
(19-08-2013, 05:36 PM)AlphaQuant Wrote:
(19-08-2013, 05:24 PM)freedom Wrote: 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.
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#50
(19-08-2013, 05:36 PM)freedom Wrote: 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?
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