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Online Stock and Share Trading-POEMS

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Unit Share

1. What is a Unit Share Market?
Unit Share Market is a SGX market which allows the trading of odd lots in quantity less than the board lot size. It is a totally different market from the common SGX ready market which is trading on Board Lot. Board Lot is the standard trading size in the local market which is 1,000 shares except for a few exceptions. 


2. What is a Odd Lot?
Trading size less than 1,000 shares is termed as 'Odd Lot'.  'Odd Lot' refers to non-standard 
numbers of shares that arise from stock splits or bonus or rights issues. For example: A 
one-for-five bonus issue means the holder of 1,000 shares will receive 200 bonus shares.


3. Where can I trade Unit Share Market?
You can trade Unit Share Market online through POEMS. 


4. Can I trade Unit Share Market for multiple financial markets?
No. At the moment, Unit Share Market is only for SGX market. 

5. What are the commission and charges for trading Unit Share Market through POEMS? 

Trades Denominated in Online Commission Rate  Minimum*
SGD 0.28% S$10
AUD 0.28% A$10
HKD 0.28% HK$50
USD 0.28% US$7

 
    N.B
The normal commission rates for the board lot will be applied to the amalgamated unit share 
    and board lot shares.

    *If the commission rates for the respective traded currencies are more than their minimum amount  
    stated above, the normal commission rates for board lot will be applied. Example, for trades done 
    in SGD, contract value x 0.28% > $10, minimum commission rates of $25 is chargeable.

    Note: Minimum commission will apply even if sales proceeds are less than commission 
    payable.

 


6. Will I be able to 'Amalgamate' the Unit Share Trades?
Yes. Amalgamation of your many unit share orders is done automatically by the system, if the following conditions below are met:
  • The amalgamated trades must be of the same trading day, stock and settlement currency.

  • The amalgamated trades must be of the same action (e.g. :buy action amalgamates with another buy action)

  • The amalgamated trades must be the same payment mode (e.g. :contra amalgamated with contra, cash amalgamated with cash, CPF amalgamated with CPF)

  • If the amalgamated quantity is equal or greater than board lot size, the normal commission for board lot size will apply. 


7. Can I submit a trade greater than the Board Lot size in Unit Share Market?
No. Unit Share Market only allows the trading of odd lots in quantity less than the board lot size. For example: To buy 120 Creative shares, you will need to place 2 separate trades. Firstly you will have to submit a buy order of 100 Creative shares in the SGX Board Lot Market. Then you have to submit another buy order of 20 Creative shares in the Unit Share Market.


8. What is "All or None" order? 
An order submitted that must be immediately filled completely. If this is not possible, the order will not be queued in the system. It will be cancelled immediately.


9. What is "Day" order?
A buy or sell order which will be placed in the queue once being submitted. It automatically 
expires if it is not executed during that trading session. 

Note: "Day" order might be partially done.


10. Is the price for Unit Share Market real time?
Yes, you can receive live price for Unit Share Market.

To read the general Risk Disclosure Statement, click here.

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