SGX Seeking to Reduce Trading Lot Size

Investor Monkey - SGX LogoThe Singapore Exchange (SGX) is seeking the public views and regulatory approval on reducing the standard board trading lot size from the current 1,000 units to 100 units and eventually to 1 unit, citing that the move will beneift the public as individuals as they will no longer be restricted to investing in lower-priced shares. Many of the index component stocks and blue chips are trading at higher-price, with the component stocks trading at an average of S$8.94 per unit. With the trading lot size at 1,000 units, the investor will have to fock out S$8,940 per lot of component stock they purchase, less any transaction fees. Continue reading “SGX Seeking to Reduce Trading Lot Size”