|By ACN Newswire||
|April 10, 2014 04:04 AM EDT||
Singapore, Apr 10, 2014 - (ACN Newswire) - Singapore Exchange (SGX) will introduce its revised securities market fees, with changes to clearing, transfer and onward settlement fees, with effect from 1 June 2014. This initiative is part of SGX's on-going efforts to strengthen and improve liquidity in Singapore's securities market.
Following its initial announcement of the revised fees in February, SGX has continuously engaged market participants as they prepare for the implementation of these fee changes. The effective date of 1 June 2014 has been scheduled to provide all market participants with time to complete changes required to their systems and processes.
The revised SGX fees will comprise the following:
1. Reduced clearing fees:
The clearing fee will be reduced from 0.04% to 0.0325% of contract value. The cap of S$600 on this fee for contracts of S$1.5 million, or more, will be removed. Investors, retail and institutions, will benefit from lower transaction costs when investing in SGX stocks.
2. Settlement fees pursuant to a transaction on SGX-ST:
Transfer and onward settlements pursuant to on-exchange transactions on SGX-ST will be standardised to a charge of $30 per settlement instruction.
3. Settlement fees for transactions not pursuant to a transaction on SGX-ST:
Settlement fees for all settlements not pursuant to transactions on SGX-ST (i.e. not pursuant to an on-exchange transaction) will be standardised to a charge of 1.5 basis points of the settlement value (min $75) per settlement instruction.
On 1 June, the new "SGX Market Maker and Liquidity Provider Programme" will also be available to all market participants, who trade as a principal using proprietary capital and can satisfy certain eligibility criteria.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Source: Singapore Exchange (SGX)
Carolyn Lim Marketing & Communications Tel: +65 6236 8139 Email: [email protected] Joan Lew Marketing & Communications Tel: +65 6236 8658 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Sep. 29, 2016 08:15 AM EDT Reads: 2,111
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 29, 2016 08:00 AM EDT Reads: 2,708
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Sep. 29, 2016 08:00 AM EDT Reads: 2,655
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 29, 2016 08:00 AM EDT Reads: 2,084
Sep. 29, 2016 07:15 AM EDT Reads: 1,729
Sep. 29, 2016 07:00 AM EDT Reads: 2,937
Sep. 29, 2016 07:00 AM EDT Reads: 3,484
Sep. 29, 2016 07:00 AM EDT Reads: 3,413
Sep. 29, 2016 07:00 AM EDT Reads: 2,275
Sep. 29, 2016 06:45 AM EDT Reads: 1,673
Sep. 29, 2016 06:45 AM EDT Reads: 3,181
Sep. 29, 2016 06:15 AM EDT Reads: 1,473
Sep. 29, 2016 06:00 AM EDT Reads: 2,761
Sep. 29, 2016 06:00 AM EDT Reads: 2,681
Sep. 29, 2016 06:00 AM EDT Reads: 525