Saturday, June 14, 2008

Unit share market with Lim & Tan

Now you have an additional trading account that allows trader or investor to trade in the unit share market. As far as I know, only POEMS online platform allows trading in the unit share market. Lim & Tan has recently added this feature into their online platform as well.

In case you do not know, let me explain what a unit share market is. Most of the time, investor buys shares in 1000 for most of the stocks like Capitaland. If there is a number behind a particular counter, that number represents the counter Board lot. For example, you buy or sell in 50 shares for Creative50 counter. If there is no number behind the particular counter that means by default the Board lot size is 1000. You buy or sell Board lot from the SGX Ready market.

However if you intend to buy or sell Odd lot of 900 Capitaland shares, you need to do so in the SGX Unit Share market. You can always call your trading representative or remisier to execute that for you or alternatively, you can do it online with POEMS or Lim & Tan.

An important point to take note is the commission charges. POEMS charges a minimum fee of $10 for trading in the unit share market while Lim & Tan charges the same fees like you trade in the ready market.

4 comments:

Finding Mr Lazy said...

huh? wah lau eh, same as in min $25? chey .......

Mike Dirnt said...

yeahlah not worth. but another alternative to consider :)

Mike Dirnt said...

wah your profile is set to private ha? whats so private about your profile? im interested to know :P

Finding Mr Lazy said...

huh? i dunno how come like that, default ... give me sometime to figure out this ...

really want to give up on blogspot ;P