Singapore Exchange (SGX)

[GPD]

SGX revise fees

http://www.sgx.com/wps/portal/sgxweb/hom...s-revision

Dun have numbers, but nett nett, it should means higher clearing fees received when market is hot. Singapore penetration rate between retail investors are low, it's the institution play that are significant, and is easy to breach 1.5 million contract sum especially when blue chips are concerned. 100 lots of any counter above $15 would beach the cap

The revision detail from announcement today. The most concern is the clearing fee, which is one of the major revenues of SGX.

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SGX to revise fees for securities market
Singapore Exchange (SGX) is revising the fee structure for its securities market to make trading more cost-efficient and to facilitate market making and improve liquidity in the market. The revisions to clearing and depository fees will be rolled out from 2 May 2014.
The change will encourage on-exchange trading, thereby enhancing liquidity, transparency and price discovery on the market.
The clearing fee will be reduced by one-fifth from 0.04% to 0.0325% of contract value. The cap of S$600 on this fee for contracts of $1.5 million, or more, will be removed.
Transfers and onward settlement fees, which are mainly levied on brokers and depository agents, will be revised to encourage on-exchange trades, thereby increasing transparency and liquidity, and consequently improving price discovery in the market. Transfers and onward settlements pursuant to on-exchange trades will be charged a fee of $30 and transfers and settlements pursuant to off-exchange trades will be charged a fee of 0.015% of the value of the transaction, subject to a minimum of $75.

Ref: http://infopub.sgx.com/FileOpen/20140207...eID=273778

It might actually increase revenue from clearing fee if there used to be many contracts >1.5 millions to benefit from the cap. I believe SGX has done their calculations and they know since they have all data at hand to do it.

seems like cheaper for small retailer investors like us?

Frankly, the reduction makes very little difference to me.

[pianist]

the proposed on t+2 settlement to brokerage (which is purely a brokerage's internal credit risk management affair) sounds quite ridiculous..
my broker see me excellent credit standing no default for past 10 years and willing to give me t+8 now also cannot liao?


for people not using eps will be a problem

[CityFarmer]

the proposed on t+2 settlement to brokerage (which is purely a brokerage's internal credit risk management affair) sounds quite ridiculous..
my broker see me excellent credit standing no default for past 10 years and willing to give me t+8 now also cannot liao?


for people not using eps will be a problem

It's indeed an issue for those not in EPS. Imagine posting the cheque after the T+1, will it reach the broker by end of T+2, base on our SingPost normal mail? May be all must use EPS by 2016, the dateline of the implementation.

[CityFarmer]

SGX has been tried real hard to diversify the product offering...

Singapore Exchange said to plan starting physical gold trade

Singapore Exchange, Southeast Asia’s biggest bourse operator, is considering starting physical gold trading, according to three people with direct knowledge of the matter.

The plan would include bullion deliveries into and out of the Southeast Asian country, said the people, who asked not to be identified because the issue is confidential. SGX declined to comment in an e-mailed statement.
SGX may join peers in South Korea and China in offering physical bullion trading as Asian demand increases, drawing supplies out of Europe. The Singapore government is promoting the city-state as a center for precious metals by removing a sales tax on investment-grade metals in 2012, and as JPMorgan Chase & Co. and UBS AG started storing gold for customers.

“SGX is constantly looking into ways to help customers tap growth opportunities and manage risks,” the company said in reply to Bloomberg questions. “While we will publicly announce any new initiatives, we do not comment on speculation.”
...
Ref: http://www.theedgesingapore.com/the-dail...trade.html#

[CityFarmer]

The futures will be as popular as hot cake, IMO.

I have vested in SGX, when it share fall below $6.8 recently.

(vested)

SGX plans to launch first electricity futures in Asia

The Singapore Exchange (SGX) is planning to launch the first electricity futures in Asia to provide a means for market participants in the Singapore electricity market to manage their risk exposures.

It is starting a public consultation on the proposed introduction of SGX Uniform Singapore Energy Price (Usep) quarterly base load electricity futures.

The futrues will be traded on its derivatives trading platform and cleared on its clearing house.

The contract will be a standard, cash-settled futures contract listed on a quarterly basis: January to March, April to June, July to September, and October to December.

http://www.theedgesingapore.com/the-dail...-asia.html#

[yeh]

The futures will be as popular as hot cake, IMO.

I have vested in SGX, when it share fall below $6.8 recently.

(vested)

SGX plans to launch first electricity futures in Asia

The Singapore Exchange (SGX) is planning to launch the first electricity futures in Asia to provide a means for market participants in the Singapore electricity market to manage their risk exposures.

It is starting a public consultation on the proposed introduction of SGX Uniform Singapore Energy Price (Usep) quarterly base load electricity futures.

The futrues will be traded on its derivatives trading platform and cleared on its clearing house.

The contract will be a standard, cash-settled futures contract listed on a quarterly basis: January to March, April to June, July to September, and October to December.

http://www.theedgesingapore.com/the-dail...-asia.html#

good for you, i also love SGX. my broker asked me to wait <6.30..
i just wait patiently..wonder will it really come down to <6.30

[Ben]

The futures will be as popular as hot cake, IMO.

I have vested in SGX, when it share fall below $6.8 recently.

(vested)

SGX plans to launch first electricity futures in Asia

The Singapore Exchange (SGX) is planning to launch the first electricity futures in Asia to provide a means for market participants in the Singapore electricity market to manage their risk exposures.

It is starting a public consultation on the proposed introduction of SGX Uniform Singapore Energy Price (Usep) quarterly base load electricity futures.

The futrues will be traded on its derivatives trading platform and cleared on its clearing house.

The contract will be a standard, cash-settled futures contract listed on a quarterly basis: January to March, April to June, July to September, and October to December.

http://www.theedgesingapore.com/the-dail...-asia.html#

good for you, i also love SGX. my broker asked me to wait <6.30..
i just wait patiently..wonder will it really come down to <6.30

I am not saying SGX won't fall below $6.30, but when and if that happens, I believe there will be many other attractive buys as well, and you may not know which is the "best buy" then. It is important to do your own valuation of the company and invest according to your own plan, not your broker's plan. At $7, SGX yield is near to 4%. This is good enough for me taking into account that they are, and most likely will be the only exchange in Singapore for a long time to come. Beside, they are working hard to introduce new products, a positive development IMHO.

Vested.

[yeh]

The futures will be as popular as hot cake, IMO.

I have vested in SGX, when it share fall below $6.8 recently.

(vested)

SGX plans to launch first electricity futures in Asia

The Singapore Exchange (SGX) is planning to launch the first electricity futures in Asia to provide a means for market participants in the Singapore electricity market to manage their risk exposures.

It is starting a public consultation on the proposed introduction of SGX Uniform Singapore Energy Price (Usep) quarterly base load electricity futures.

The futrues will be traded on its derivatives trading platform and cleared on its clearing house.

The contract will be a standard, cash-settled futures contract listed on a quarterly basis: January to March, April to June, July to September, and October to December.

http://www.theedgesingapore.com/the-dail...-asia.html#

good for you, i also love SGX. my broker asked me to wait <6.30..
i just wait patiently..wonder will it really come down to <6.30

I am not saying SGX won't fall below $6.30, but when and if that happens, I believe there will be many other attractive buys as well, and you may not know which is the "best buy" then. It is important to do your own valuation of the company and invest according to your own plan, not your broker's plan. At $7, SGX yield is near to 4%. This is good enough for me taking into account that they are, and most likely will be the only exchange in Singapore for a long time to come. Beside, they are working hard to introduce new products, a positive development IMHO.

Vested.

i like its yield and it is a no debt company.
should i buy now

[CityFarmer]

good for you, i also love SGX. my broker asked me to wait <6.30..
i just wait patiently..wonder will it really come down to <6.30

I am not saying SGX won't fall below $6.30, but when and if that happens, I believe there will be many other attractive buys as well, and you may not know which is the "best buy" then. It is important to do your own valuation of the company and invest according to your own plan, not your broker's plan. At $7, SGX yield is near to 4%. This is good enough for me taking into account that they are, and most likely will be the only exchange in Singapore for a long time to come. Beside, they are working hard to introduce new products, a positive development IMHO.

Vested.

Like most things in life, "Begin with the end in Mind". We should always start with a story, before any investment.

For me, SGX is a stalwart, base on Peter Lynch terminology. Stalwarts are stocks that generally buy for a desired gain, then sell and repeat the process with similar stories.

(vested)

[Temperament]

good for you, i also love SGX. my broker asked me to wait <6.30..
i just wait patiently..wonder will it really come down to <6.30

I am not saying SGX won't fall below $6.30, but when and if that happens, I believe there will be many other attractive buys as well, and you may not know which is the "best buy" then. It is important to do your own valuation of the company and invest according to your own plan, not your broker's plan. At $7, SGX yield is near to 4%. This is good enough for me taking into account that they are, and most likely will be the only exchange in Singapore for a long time to come. Beside, they are working hard to introduce new products, a positive development IMHO.

Vested.

Like most things in life, "Begin with the end in Mind". We should always starts with a story, before any investment.

For me, SGX is a stalwart, base on Peter Lynch terminology. Stalwarts are stocks that generally buy for a desired gain, then sell and repeat the process with similar stories.

(vested)

Very true! If you can do this with all SGX stalwarts, you will be doing quite O. K. lah. You will be singing, "Don't worry be happy". Don't have to have a $million to be "RICH".
Sorry! Don't think there is a short-cut in Life as saying goes, "There is no free lunch except your own". (Modified version).
Shalom.