Friday, 19 June 2015

Placing Trades

Standard Chartered Online Trading Platform


After setting up your Standard Chartered Online Trading account you should see something similar when u log in.



Securities Settlement Account (SGD)
Before making a trade, you would have to transfer money from your e$aver account into here.
e$aver Account (SGD)
This account is where you transfer money in from other banks(POSB,MayBank etc)
FCY Securities Settlement Account (USD)
Before making a trade with shares in USD currencies, you would have to transfer money here.
Securities Trading Account
Shows the combined value of your investments

Placing Trades
An example of an trade. Note the commission involved.
Client commission= 0.2%
Sg clearing fee= 0.0325%

The same commission applies again when u sell.

What happens after placing a trade?
Well, you wait till your order gets filled. Sometimes it may get partially filled as well (5 out of 10 shares). How long it takes depends on trade volume and volatility. When your trade order gets filled, you automatically receive a sms notification. Pretty handy if you’re outside.

Useful trading hours in Singapore time (+8 gmt)










Source: https://www.poems.com.sg/index.php?option=com_content&view=category&layout=blog&id=130&Itemid=322