Commission rate and charges
Indicative Equilibrium Price (IEP)
The indicative equilibrium price (“IEP”) is the price at which orders would be executed if auction matching were to occur at that point. SGX publishes the IEP on a real-time basis and masks all better bid and ask prices as well as quantities. The publication of the IEP is intended to provide more market transparency. The IEP acts as an indication of the eventual opening or closing price, which helps market participants assess the market and adjust their orders accordingly. The masking of all better bid/ask prices and quantities is included as a safeguard against manipulation of the eventual equilibrium price.
Refer to SGX website for more details.
Source : SGX
Trading in SGX Unit Share Market
The Unit Share Market, also known as the Odd Lot Market, allows clients to trade in quantities less than the standard Board Lot. The minimum trade quantity is 1 share.
To trade on the SGX Unit Share Market, you will need to go to the “Market Information” page, and select “SGX Unit Market”.
For example, if you wish to trade 180 units of Company ABC shares, you will have to enter the orders as follows:
Step 1: Enter 100 units in the Board Lot market with designated board lot of 100 units
Step 2: Enter 80 units in the SGX Unit Share Market
(The orders will be subject to the trading conditions in the respective markets)
Note :
In Unit Share market, the minimum fulfillment can be only 1 share and the usual online commission of S$25 or 0.275% of trade value (whichever is higher), shall apply. As such, you must bear in mind this possible situation when queuing in the Unit Share market. To avoid such situation, you may wish to buy or sell directly based on the best available price.
To check for the board lot size
You may view the board lot size of each stock in the iOCBC order ticket as below. You may enter any quantity that is lesser than the designated board lot size. For example, with a board lot size 10 units, you can enter 9 or less units under SGX Unit Share Market.
Minimum Bid Size
Minimum Bid Size for the S$1.00 to S$1.99 price range has now widened from the previous S$0.005 to S$0.01 for all securities traded in SGX since 13 November 2017 (excluding preference shares, structured warrants, exchange traded funds, exchange traded notes, debentures, bonds and loan stocks).
In addition, the Forced Order Range has also been widened from previous +/- 20 bids to +/- 30 bids for all securities traded in SGX since 13 November 2017 (excluding preference shares, structured warrants, exchange traded funds, exchange traded notes, debentures, bonds and loan stocks).
For example, if ABC shares were last traded at S$3.260, the price allowed to enter will be calculated to be +/- 30 bids from S$3.260. In this case, the bids range will be S$2.961 and S$3.561.
For preference shares in the S$100 price convention, a Forced Order Range of +/- 1,000 ticks will apply.
Minimum Bid Size and Forced Order Range for securities traded on the SGX in SGD
Product | Price Range (SGD) | Minimum Bid size (SGD) | Forced Order 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 the rows below | Below 0.20 | 0.001 | +/- 30 bids from last done price |
0.20 - 0.995 | 0.005 | ||
1.00 and above | 0.01 | ||
Structured warrants | Below 0.20 | 0.001 | +/- 30 bids from last done price |
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 | +/- 30 bids from last done price |
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 from last done price |
Minimum Bid Size for securities traded on the SGX in HKD
Product | Price Range (HKD) | Minimum Bid Size (HKD) | Forced Order Range |
---|---|---|---|
Securities denominated in Hong Kong Dollar |
Below 0.25 | 0.001 | +/- 30 bids from last done price |
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 |
Minimum Bid Size for securities traded on the SGX in JPY
Product | Price Range (JPY) | Minimum Bid Size (JPY) | Forced Order Range |
---|---|---|---|
Securities denominated in Japanese Yen | Below 2,000 | 1 | +/- 30 bids from last done price |
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 |
Notes:
- Buy bids are limited up to the specified bids below the last done price
- Sell bids are limited up to specified bids above the last done price
- Price entered that is more than the specified bids from the last done price will be rejected unless you select the ‘force order’ option
- Force key is granted to client at the sole discretion by the Company and trading representative
- You will bear the risk of keying in undesirable price by mistake
- For more details on Minimum Bid Size and Forced Order Range, please click here.
2019 trading holidays
Trading abbreviations
The following trading abbreviations will appear in the “Remarks” column on iOCBC trading platform.To find out more information on the corporate action or trading status on the listed companies, kindly refer to the official websites of the respective Exchanges.
Abbreviation |
Corporate Action Description |
C1 |
Cum Dividend 2 |
C2 |
Cum Rights 2 |
C3 |
Cum Bonus 2 |
C4 |
Cum Offer 2 |
C5 |
Cum Interest 2 |
C6 |
Cum Entitlement 2 |
CA |
Cum All |
CB |
Cum Bonus |
CD |
Cum Dividend |
CE |
Cum Entitlement |
CI |
Cum Interest |
CO/CTO |
Cum Offer |
CR |
Cum Rights |
CT |
Conditional Trading |
CW |
Conditional When Issued |
WI |
When Issued |
XA |
Ex All |
XB |
Ex Bonus |
XD |
Ex Dividend |
XE |
Ex Entitlement |
XI |
Ex Interest |
XO/XTO |
Ex Offer |
XR |
Ex Rights |
Abbreviation |
Trading Status |
SUS |
Security suspended from trading |
SDL |
Delisted trades |
TH |
Trading Halt |
HRS |
Halt due to Circuit Breaker Triggered |
CBR |
Circuit Breaker |
PL |
Pending listing |
BI |
Buying in only |
J |
Adjustment |
MCE |
Mandatory Call Event |
PO1 |
Pre-Open1 |
PO2 |
Pre-Open2 |
N-C |
Non-Cancel |