Singapore
Sound Economy – Singapore’s high savings rate, large current account surplus, flexible markets, sizeable foreign currency reserves and sound economic policies have received wide-ranging approval from international investors.
Extensive Infrastructure – Singapore’s pro-business environment and infrastructure makes it a strategic location for corporations with global operations. Singapore was ranked the most cost competitive place for business amongst nine industralised countries according to KPMG Competitive Alternatives Study, 2006 and third in world overall competitiveness according to IMD World Competitiveness Yearbook 2006.
Pioneer Online – Phillip’s On-line Electronic Mart System (POEMS), developed by Phillip Securities, is Singapore’s first electronic on-line trading system to harness the latest technology to complement existing trading capabilities for investors.
Since its introduction in 1996, POEMS has become the leading and preferred trading system in Singapore with thousands of satisfied clients. With the launch of online trading, investors can now trade directly to the Singapore Exchange (SGX) at the click of a mouse.
Trading Hours
With effect from 13 November 2017, SGX-ST trading hours will be changed with the introduction of a midday trading break from 1200h to 1300h, during which investors may manage their orders and the indicative equilibrium price will be published. The break will end with an auction before continuous trading resumes at 1300h.
| Normal Day Trading | Half Day Trading | |
|---|---|---|
| Opening Routine | ||
| Pre-Open | 0830 to 0858 – 59* | 0830 to 0858 – 59* |
| Non-Cancel | 0858 – 59 to 0900 | 0858 – 59 to 0900 |
| Trading | 0900 to 1200 | 0900 to 1200 |
| Mid-Day Break | ||
| Pre-Open | 1200 to 1258 – 59* | n/a |
| Non-Cancel | 1258 – 59 to 1300 | n/a |
| Trading | 1300 to 1700 | n/a |
| Closing Routine | ||
| Pre-Close | 1700 to 1704 – 05* | 1200 to 1204 – 05* |
| Non-Cancel | 1704 – 05 to 1706 | 1204 – 05 to 1206 |
* The Pre-Open/Close phase ends randomly at any time within this one minute window and the Non-Cancel phase begins immediately after.
For more information on SGX trading hours, you may refer to the SGX website.
For Foreign Markets, please click here.
Note:
- The above are trading hours for normal trading days. Please check with your Trading Representative for earlier closing time for certain holidays and eve of holidays.
- Orders received during “No Orders Accepted On POEMS” time will be rejected.
- All time are Singapore Time (GMT+8) unless otherwise stated.
Bid Size
| Product | Price Range ($) | Minimum Bid Size ($) |
|---|---|---|
| Stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business trusts, company warrants and any other class of securities or Futures Contracts not specified in the rows below |
Below 0.20 | 0.001 |
| 0.20 – 0.995 | 0.005 | |
| 1.00 and above | 0.01 | |
| Structured warrants | Below 0.20 | 0.001 |
| 0.20 – 1.995 | 0.005 | |
| 2.00 and above | 0.01 | |
| Exchange traded funds and exchange traded notes | All | 0.01 or 0.001 as SGX-ST determines |
| Debentures, bonds, loan stocks and preference shares | All | 0.001 |
| Product | Price Range ($) | Minimum Bid Size ($) | Forced Order/Bid Size Range |
|---|---|---|---|
| Stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business trusts, company warrants and any other class of securities or Futures Contracts not specified in Rule 8.3.3 |
Below 0.20 | 0.001 | +/- 30 bids |
| 0.20 – 0.995 | 0005 | ||
| 1.00 and above | 0.01 | ||
| Structured warrants | Below 0.20 | 0.001 | +/- 30 bids |
| 0.20 – 1.995 | 0005 | ||
| 2.00 and above | 0.01 | ||
| Exchange traded funds and exchange traded notes | All | 0.01 or 0.001 as SGX-ST determines | +/- 30 bids |
| Debentures, bonds, loan stocks and preference shares quoted in the $1 price convention | All | 0.001 | |
| Debentures, bonds, loan stocks and preference shares quoted in the $100 price convention | All | 0.001 | +/- 1,000 bids |
| Product | Price Range (HK$) | Minimum Bid Size (HK$) |
|---|---|---|
| Securities denominated in Hong Kong Dollar |
Below 0.25 | 0.001 |
| 0.25 – 0.495 | 0.005 | |
| 0.50 – 9.99 | 0.01 | |
| 10.00 – 19.98 | 0.02 | |
| 20.00 – 99.95 | 0.05 | |
| 100 – 199.90 | 0.1 | |
| 200 – 499.80 | 0.2 | |
| 500 and above | 0.5 |
| Product | Price Range (¥) | Minimum Bid Size (¥) |
|---|---|---|
| Securities denominated in Japanese Yen |
Below 2,000 | 1 |
| 2,000 – 2,995 | 5 | |
| 3,000 – 29,990 | 10 | |
| 30,000 – 49,950 | 50 | |
| 50,000 – 99,900 | 100 | |
| 100,000 and above | 1,000 |
For more details on minimum bid size, you may refer to the SGX website.
Fees & Charges
SGX Market
| POEMS Online / Mobile | Broker – assisted | ||
|---|---|---|---|
| Contract Value | Phillip Investment Account – Prepaid (CC) | Other Accounts | All Accounts |
| up to SGD50,000 | 0.12%* | 0.28% | 0.50% |
| >SGD50,000-SGD100,000 | 0.12%* | 0.22% | 0.40% |
| >SGD100,000 | 0.12%* | 0.18% | 0.25% |
| Minimum | S$25* | S$25 | S$40 |
Plus Clearing Fees of 0.0325%1 & SGX Trading Fee2 of 0.0075% on the gross contract amount & SGX Settlement Instruction (SI) Fee3 of SGD0.35 per settlement.
(Brokerage is calculated on a flat rate)
1except for Structured Warrants which will be at 0.004% of contract value
2Trading fees for structured warrants is 0.001% of contract value from 2 March 2015
3SGX Settlement Instruction Fee of SGD0.35 from 01 February 2019
*Promotional rates of 0.12% and minimum S$10 will apply with effect from 2 January 2017. For more information, please click here.
For International Markets, please click here.
2019 Non-Trading Days
| Month | Day | Date | Holidays | Settlement | Trading Day |
|---|---|---|---|---|---|
| January | Tuesday | 1 January# | New Year’s Day | No | No |
| February | Tuesday | 5 February# | Chinese New Year | No | No |
| Wednesday | 6 February | Chinese New Year | No | No | |
| April | Friday | 19 April | Good Friday | No | No |
| May | Wednesday | 1 May | Labour Day | No | No |
| Sunday | 19 May* | Vesak Day | No | No | |
| June | Wednesday | 5 June | Hari Raya Puasa | No | No |
| August | Friday | 9 August | National Day | No | No |
| Sunday | 11 August* | Hari Raya Haji | No | No | |
| October | Sunday | 27 October* | Deepavali | No | No |
| December | Wednesday | 25 December# | Christmas Day | No | No |
# The preceding day is a half-day trading day.
1. How much are the dividend charges?
| Dividend | Dividend Charges |
|---|---|
| Cash Dividend | 1% on net dividend subject to min of S$1.07 and capped at S$53.50 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
| Scrip Dividend | S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
Accounts with multicurrency facility will receive the cash dividend in declared currency unless otherwise determined by the issuer/PSPL.
2. How much are the corporate action charges?
| Types of services | Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Cash In Lieu, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion |
|---|---|
| Fees and charges | S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
Risk Disclosure
Transactions on markets in other jurisdictions may expose you to additional risks. Such markets may be subjected to rules that may offer different or diminished investor protection. Before entering into such trades, you should be aware of the rules relevant to the particular transactions. The potential for profit or loss from transactions on foreign markets or in foreign currency- denominated securities will be affected by fluctuations in foreign exchange rates.
