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niuyear Supreme	03-Sep-2009 14:17        niuyear About Contact  Quote this Post!
x 0   x 0  Alert Admin	It would be nice if brokerage house could pay interest to those 'stocks' that are 'bought' and also 'sold' by using the same brokerage house.
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iPunter Supreme	03-Sep-2009 12:31        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Smaller clicks will boost liquidity...  so those reluctant to buy/sell will loosen up a bit...
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des_khor Supreme	03-Sep-2009 12:28        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is the God or MFT from this forum??"
x 0   x 0  Alert Admin	only benefit sgx & brokage house as we sell often they earn more coms! Hulumas      ( Date: 03-Sep-2009 11:25) Posted: No, I beg to differ. Echancing liquidity is primary important to SGX trading mechanism. I raise my thumbs up to SGX Authority about this on time, effective measure!!! des_khor      ( Date: 02-Sep-2009 19:38) Posted: Better remain at current bid for stock below 0.20... otherwise will become full with tortoise in future!! haha...0.001 how to move?
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Hulumas Supreme	03-Sep-2009 11:25        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	No, I beg to differ. Echancing liquidity is primary important to SGX trading mechanism. I raise my thumbs up to SGX Authority about this on time, effective measure!!! des_khor      ( Date: 02-Sep-2009 19:38) Posted: Better remain at current bid for stock below 0.20... otherwise will become full with tortoise in future!! haha...0.001 how to move?? aleoleo      ( Date: 02-Sep-2009 19:05) Posted: (SINGAPORE) The Singapore Exchange is calling for public feedback on its plan to slash minimum bid sizes and        increase the forced order range.                                                                                                                                                                                                                                                                                                                                SGX said that for shares priced above $10 apiece, the bid size should be halved to one cent, from two cents now.                                                                                                                                                                                                                                                For stocks priced between $1 and $2, the minimum bid size will now be half a cent, from one cent previously, while  penny stocks below 20 cents can move in steps of 0.1 cent, instead of 0.5 cent now. Stocks priced in the other      ranges will not see any change to their bid sizes.                                                                                                                                                                                                                                                                                                              'Lowering bid sizes will allow investors to quote at more optimal levels, resulting in tighter bid-ask spreads and, consequently, lowering the investors' costs of trading,' SGX said in a statement yesterday.                                                                                                                                                                                                                                                                      'The move is expected to increase market liquidity. It will also align SGX's minimum bid sizes in the selected      price ranges with that of other major Asian exchanges, enhancing SGX's competitiveness.'                                                                                                                                                                                                                                                                        One dealer said the change should encourage greater trading activity especially given the rise of programmed or      algorithmic trading.                                                                                                                                                                                                                                                                                                                                            Average spreads in Singapore are perhaps 50 per cent higher than other key exchanges in the region, according to an Aite Group report in June, citing data from Morgan Stanley.                                                                                                                                                                                                                                            The average spread here is about 37 basis points, according to the report, compared to 25 bps in Japan's Tokyo      Stock Exchange, 22 bps in Hong Kong, 23 bps in Korea and just 16 bps in the Australian Securities Exchange.                                                                                                                                                                                                                                                      The SGX is also proposing to change the minimum bid size for debentures from 0.1 cent to either one cent or 0.1      cent, similar to the present regime for exchange traded funds (ETFs). This will give it the flexibility to          implement a higher bid size for higher priced debentures, the SGX said.                                                                                                                                                                                                                                                                                          As well, it is prescribing a wider forced order range, from 10 bids at present, to 20 bids for securities. For ETFs and debentures, SGX is suggesting a change from 30 bids to 300 bids.                                                                                                                                                                                                                                                                                            The forced order range is a pre-execution mechanism to prevent error trades, by requiring orders placed at prices    outside the range to use the forced key function. The forced order range has been widened to complement the          reduction in minimum bid sizes, SGX said.                                                                                                                                                                                                                                                                                                                        The exchange last cut minimum bid sizes in December 2007 - for instance, the minimum bid size for stocks above $10  had been 10 cents - in an effort to reduce trading costs.                                                                                                                                                                                                                                                                                                        SGX said that had resulted in a notable cut in the bid-ask spread, a notable decline in the quantity quoted at the  best price, greater resilience in a downward market and better price discovery.                                                                                                                                                                                                                                                                                  Submissions can be sent to the exchange via email to rules@sgx.com, or addressed to Gavyn Pang, Regulatory Policy,  at the Singapore Exchange, before Sept 21.
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smartrader Elite	02-Sep-2009 20:25        smartrader About Contact  Quote this Post!   Mood:
x 1   x 0  Alert Admin	should also reduce stamp fee and min brokerage for contract below $5K
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des_khor Supreme	02-Sep-2009 19:38        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is the God or MFT from this forum??"
x 0   x 0  Alert Admin	Better remain at current bid for stock below 0.20... otherwise will become full with tortoise in future!! haha...0.001 how to move?? aleoleo      ( Date: 02-Sep-2009 19:05) Posted: (SINGAPORE) The Singapore Exchange is calling for public feedback on its plan to slash minimum bid sizes and        increase the forced order range.                                                                                                                                                                                                                                                                                                                                SGX said that for shares priced above $10 apiece, the bid size should be halved to one cent, from two cents now.                                                                                                                                                                                                                                                For stocks priced between $1 and $2, the minimum bid size will now be half a cent, from one cent previously, while  penny stocks below 20 cents can move in steps of 0.1 cent, instead of 0.5 cent now. Stocks priced in the other      ranges will not see any change to their bid sizes.                                                                                                                                                                                                                                                                                                              'Lowering bid sizes will allow investors to quote at more optimal levels, resulting in tighter bid-ask spreads and, consequently, lowering the investors' costs of trading,' SGX said in a statement yesterday.                                                                                                                                                                                                                                                                      'The move is expected to increase market liquidity. It will also align SGX's minimum bid sizes in the selected      price ranges with that of other major Asian exchanges, enhancing SGX's competitiveness.'                                                                                                                                                                                                                                                                        One dealer said the change should encourage greater trading activity especially given the rise of programmed or      algorithmic trading.                                                                                                                                                                                                                                                                                                                                            Average spreads in Singapore are perhaps 50 per cent higher than other key exchanges in the region, according to an Aite Group report in June, citing data from Morgan Stanley.                                                                                                                                                                                                                                            The average spread here is about 37 basis points, according to the report, compared to 25 bps in Japan's Tokyo      Stock Exchange, 22 bps in Hong Kong, 23 bps in Korea and just 16 bps in the Australian Securities Exchange.                                                                                                                                                                                                                                                      The SGX is also proposing to change the minimum bid size for debentures from 0.1 cent to either one cent or 0.1      cent, similar to the present regime for exchange traded funds (ETFs). This will give it the flexibility to          implement a higher bid size for higher priced debentures, the SGX said.                                                                                                                                                                                                                                                                                          As well, it is prescribing a wider forced order range, from 10 bids at present, to 20 bids for securities. For ETFs and debentures, SGX is suggesting a change from 30 bids to 300 bids.                                                                                                                                                                                                                                                                                            The forced order range is a pre-execution mechanism to prevent error trades, by requiring orders placed at prices    outside the range to use the forced key function. The forced order range has been widened to complement the          reduction in minimum bid sizes, SGX said.                                                                                                                                                                                                                                                                                                                        The exchange last cut minimum bid sizes in December 2007 - for instance, the minimum bid size for stocks above $10  had been 10 cents - in an effort to reduce trading costs.                                                                                                                                                                                                                                                                                                        SGX said that had resulted in a notable cut in the bid-ask spread, a notable decline in the quantity quoted at the  best price, greater resilience in a downward market and better price discovery.                                                                                                                                                                                                                                                                                  Submissions can be sent to the exchange via email to rules@sgx.com, or addressed to Gavyn Pang, Regulatory Policy,  at the Singapore Exchange, before Sept 21.
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aleoleo Master	02-Sep-2009 19:05        aleoleo About Contact  Quote this Post!
x 0   x 0  Alert Admin	(SINGAPORE) The Singapore Exchange is calling for public feedback on its plan to slash minimum bid sizes and        increase the forced order range.                                                                                                                                                                                                                                                                                                                                SGX said that for shares priced above $10 apiece, the bid size should be halved to one cent, from two cents now.                                                                                                                                                                                                                                                For stocks priced between $1 and $2, the minimum bid size will now be half a cent, from one cent previously, while  penny stocks below 20 cents can move in steps of 0.1 cent, instead of 0.5 cent now. Stocks priced in the other      ranges will not see any change to their bid sizes.                                                                                                                                                                                                                                                                                                              'Lowering bid sizes will allow investors to quote at more optimal levels, resulting in tighter bid-ask spreads and, consequently, lowering the investors' costs of trading,' SGX said in a statement yesterday.                                                                                                                                                                                                                                                                      'The move is expected to increase market liquidity. It will also align SGX's minimum bid sizes in the selected      price ranges with that of other major Asian exchanges, enhancing SGX's competitiveness.'                                                                                                                                                                                                                                                                        One dealer said the change should encourage greater trading activity especially given the rise of programmed or      algorithmic trading.                                                                                                                                                                                                                                                                                                                                            Average spreads in Singapore are perhaps 50 per cent higher than other key exchanges in the region, according to an Aite Group report in June, citing data from Morgan Stanley.                                                                                                                                                                                                                                            The average spread here is about 37 basis points, according to the report, compared to 25 bps in Japan's Tokyo      Stock Exchange, 22 bps in Hong Kong, 23 bps in Korea and just 16 bps in the Australian Securities Exchange.                                                                                                                                                                                                                                                      The SGX is also proposing to change the minimum bid size for debentures from 0.1 cent to either one cent or 0.1      cent, similar to the present regime for exchange traded funds (ETFs). This will give it the flexibility to          implement a higher bid size for higher priced debentures, the SGX said.                                                                                                                                                                                                                                                                                          As well, it is prescribing a wider forced order range, from 10 bids at present, to 20 bids for securities. For ETFs and debentures, SGX is suggesting a change from 30 bids to 300 bids.                                                                                                                                                                                                                                                                                            The forced order range is a pre-execution mechanism to prevent error trades, by requiring orders placed at prices    outside the range to use the forced key function. The forced order range has been widened to complement the          reduction in minimum bid sizes, SGX said.                                                                                                                                                                                                                                                                                                                        The exchange last cut minimum bid sizes in December 2007 - for instance, the minimum bid size for stocks above $10  had been 10 cents - in an effort to reduce trading costs.                                                                                                                                                                                                                                                                                                        SGX said that had resulted in a notable cut in the bid-ask spread, a notable decline in the quantity quoted at the  best price, greater resilience in a downward market and better price discovery.                                                                                                                                                                                                                                                                                  Submissions can be sent to the exchange via email to rules@sgx.com, or addressed to Gavyn Pang, Regulatory Policy,  at the Singapore Exchange, before Sept 21.
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