Singapore Exchange clearing fees cut from Jun 1
Published on Apr 10, 2014 8:43 PM
THE fees that investors have to pay to have a share trade cleared will be cut from June 1, the Singapore Exchange (SGX) said Thursday.
The clearing fee will fall from 0.04 per cent to 0.0325 per cent of the contract value, in a change likely to impact large institutional investors far more than small ones.
However, the cap of $600 on this fee - which effectively kicks in for contracts of $1.5 million or more - will be removed.
This means that investors with super-large trades could actually pay more.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here