Securities trading - Singapore

15.02.2019

Key market-tradable securities

Denomination currencyMaturity profileInterest rateInterest/Dividend payment frequencyPlace of settlementForm
Equities (mainly ordinary shares)
SGD or otherSemi-annual/annualCDPRegistered, Scripless
Exchange Traded Funds (ETF)
SGD or USDNot applicableNot applicableAnnualCDPScripless
REITS
SGDNot applicableNot applicableQuarterlyCDPScripless
Business Trust
SGDNot applicableNot applicableDependent on each Business TrustCDPScripless
Warrants
SGDCDPRegistered, Scripless
Loan stocks
SGD2 or 5
years
FixedVariable, depending
on issuer’s decision
CDPRegistered, Scriplessa
Scripless bonds
SGD3, 5, 7 or
10 years
FixedVariable, depending
on issuer’s decision
CDPRegistered, Scriplessa
Bearer corporate bonds
SGD3, 5, 7 or
10 years
FixedVariable, depending
on issuer’s decision
-Bearer, physicalb
Government bonds
SGD2, 5, 7, 10 or 20 yearsFixedSemi-annualMASRegistered, Scriplessc
Treasury bills
SGD91 and
364 days
Zero, at discount-MASScripless

a. Usually issued in denominations of SGD 1,000 par value.
b. Variable denominations.
c. In denominations of SGD 1,000.

Board lot size

SGX reduced the standard board lot size from 1,000 units to 100 units on 19 January 2015. Most stocks and securities products will trade in board lot size of 100 in the Ready Market. The Ready Market facilitates the trading of securities in the designated board lot sizes.
The reduction applies to ordinary shares, real estate investment trusts, business trusts, company warrants, structured warrants and extended settlement contracts.
The board lot size of Exchange traded funds (except SPDR STI ETF and ABF SG Bond Fund) range from board lot size of 5 to 100 units for specific counters) ,: American Depositary Receipts (board lot of 10 units) Fixed income instruments including retail bonds (board lot of 1000 units, Singapore Government Securities Bonds (board lot of 10), and retail preference shares (range from board lot of 10 to 1000 for specific counters).

Odd Lot size

The trading of odd lots in any quantity less than one board lot of the underlying securities in the Ready Market will continue to be enabled in the Unit Share Market.
Amalgamation of trades between the Ready and Unit Share markets is possible, whereby trades executed in the two markets for the same underlying share can be consolidated in a single contract.

Trading platforms

The following trading platforms are operated in Singapore:

  • Singapore Stock Exchange Main Board;
  • Singapore Stock Exchange Catalist;
  • GlobalQuote.