Securities trading - Singapore
Key market-tradable securities
| Denomination currency | Maturity profile | Interest rate | Interest/Dividend payment frequency | Place of settlement | Form |
| Equities (mainly ordinary shares) | |||||
SGD or other | – | – | Semi-annual/annual | CDP | Registered, Scripless |
| Exchange Traded Funds (ETF) | |||||
SGD or USD | Not applicable | Not applicable | Annual | CDP | Scripless |
| REITS | |||||
SGD | Not applicable | Not applicable | Quarterly | CDP | Scripless |
| Business Trust | |||||
SGD | Not applicable | Not applicable | Dependent on each Business Trust | CDP | Scripless |
| Warrants | |||||
SGD | – | – | – | CDP | Registered, Scripless |
| Loan stocks | |||||
SGD | 2 or 5 years | Fixed | Variable, depending on issuer’s decision | CDP | Registered, Scriplessa |
| Scripless bonds | |||||
SGD | 3, 5, 7 or 10 years | Fixed | Variable, depending on issuer’s decision | CDP | Registered, Scriplessa |
| Bearer corporate bonds | |||||
SGD | 3, 5, 7 or 10 years | Fixed | Variable, depending on issuer’s decision | - | Bearer, physicalb |
| Government bonds | |||||
SGD | 2, 5, 10, 15, 20 or 30 years | Fixed | Semi-annual | MAS | Registered, Scriplessc |
| Treasury bills | |||||
SGD | 91 and 364 days | Zero, at discount | - | MAS | Scripless |
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, 10 or 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.