Singapore Exchange (SGX)

[CityFarmer]

SGX revise fees

http://www.sgx.com/wps/portal/sgxweb/hom...s-revision

Dun have numbers, but nett nett, it should means higher clearing fees received when market is hot. Singapore penetration rate between retail investors are low, it's the institution play that are significant, and is easy to breach 1.5 million contract sum especially when blue chips are concerned. 100 lots of any counter above $15 would beach the cap

The revision detail from announcement today. The most concern is the clearing fee, which is one of the major revenues of SGX.

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SGX to revise fees for securities market
Singapore Exchange (SGX) is revising the fee structure for its securities market to make trading more cost-efficient and to facilitate market making and improve liquidity in the market. The revisions to clearing and depository fees will be rolled out from 2 May 2014.
The change will encourage on-exchange trading, thereby enhancing liquidity, transparency and price discovery on the market.
The clearing fee will be reduced by one-fifth from 0.04% to 0.0325% of contract value. The cap of S$600 on this fee for contracts of $1.5 million, or more, will be removed.
Transfers and onward settlement fees, which are mainly levied on brokers and depository agents, will be revised to encourage on-exchange trades, thereby increasing transparency and liquidity, and consequently improving price discovery in the market. Transfers and onward settlements pursuant to on-exchange trades will be charged a fee of $30 and transfers and settlements pursuant to off-exchange trades will be charged a fee of 0.015% of the value of the transaction, subject to a minimum of $75.

Ref: http://infopub.sgx.com/FileOpen/20140207...eID=273778