Singapore financial and brokerage industry

In the recent months, there was an industry changing annoucement of basically commission free trades from major US brokerags like Interactive Brokers, Charles Schwab, TD Ameritrade, E*Trade and the likes. Investors and traders can rejoice over this piece of good news. The revolution was first started at around 2014 by the commission free trading app, Robinhood, but only recently gained main stream attention when the big brokerages started offering free trades. Business margin will no doubt be squeezed leading to more consolidation in the brokerage industry. I believe brokerages be looking at ways to expand their scope service towards more banking and asset management like facilities to present a more attractive proposition to their customers. While the impact is not yet being felt in Singapore. I believe local brokerages will feel the pressure soon. DBS may be the first mover in this aspect as they have already disbanded their remiser base and integrated their clients into their...

Compliance costs, short-term bias among main factors behind decision; continuous disclosure rules beefed up in specific areas SGX drops quarterly reporting, strengthens continuous disclosures

All three are Singaporeans from Joerik Financial Pte Ltd, a proprietary trading firm and a trading member of the SGX Derivatives Trading (SGX-DT). Three charged with alleged spoofing of futures market, providing false statements to SGX Further details from Monetary Authority of Singapore Two Individuals Convicted of Fraud In the Trading of Futures Contracts and Furnishing False Statements to SGX-DT Separate (but identical methods) disciplinary action from CME CME RULE VIOLATION: JoErik Financial Pte. Ltd. CME RULE VIOLATION: Jimmy Ng Kian Bin

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Following a public consultation, the Singapore Exchange (SGX) plans to introduce price collars during the securities market opening, midday and closing auction routines so as to guard against the risk of severe price dislocations during auctions, it said on Thursday. SGX to launch price collars for opening, midday and closing auctions

The family office of James Dyson, the billionaire founder of vacuum cleaning giant Dyson, has incorporated in Singapore and is in the process of hiring IT and financial services staff. Family office of billionaire James Dyson is hiring in Singapore

Trek 2000 International's chairman emeritus and thumb drive inventor Henn Tan and three former officers were on Wednesday (Sept 25) each slapped with three to 16 charges, including cheating and falsification of accounts. Trek 2000 founder and thumb drive inventor Henn Tan, 3 others charged with cheating, falsifying accounts