04 August 2016

Qns to SGSAS: Waiver of brokerage fees on partial done trades







Hi,

I have a partial fill for weiye sold 200@0.53 today.  Could you waive the commission for this since it's so small?  Thanks.




Sorry it's not possible, not on what we can do for you but it is how the market functions. There is a min charge for any trades done, and secondly part of the fees comes from SGX side.

During the selling of shares and when someone buys it from you, the trade is transacted and it has to be delivered. Not possible to kiv or warehouse it. It's the same thing as when you bought shares from another party in the market, you will expect the counter party to deliver the shares to you without delay. 

On another note, for stocks with low trading volume, this is one of the tactic that buyers try to 'poke' and force the seller to sell at a lower price, wanting to save on trading fee.

Hope that helps. cheers

//amazon