Never forget rule No. Back Page 1 Page 2 Page 3. Before you can start trading, you will need two accounts: The securities account is for the settlement of trades. The trading account allows you to trade shares in the stock market. Both these accounts have to be linked before you can start trading. To open a securities account, you will need to be 18 years of age and must not be an undischarged bankrupt.

Just complete the application forms for the opening of a CDP direct securities account through your broker or directly with the CDP. That means, if you sign up with a stockbroking company, you can open both accounts with your stockbroker at the same time. While you can have only one CDP securities account, you are free to open trading accounts with multiple stockbroking houses. To buy and sell shares, you will need a stockbroker to help you carry out the transactions.

How to Start Investing in Singapore Stocks

In other words, he is the middleman for you to trade on SGX. Your stockbroker is a licensed representative of a SGX-ST stockbroking company and charges a professional fee, or a brokerage commission, for his service.

If you prefer online trading, you will still need a trading account with a stockbroking firm which offers Internet trading services. Once I have a CDP Securities Account and a trading account with a broker, how do I buy shares? Tell your broker what shares you want to buy. Your broker will execute your order and handle all other details. Tell your broker what shares you want to sell. If you encounter problems with your stockbroker, such as unsatisfactory service rendered or technical problems with their trading system, do raise them with the firm.

However, approach SGX if it involves a breach of SGX rules or any improper conduct by your stockbroker.

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Just write in to:. Give them the details: We also have a Pre-Open Routine from 8. The pre-opening, adjust and closing sessions facilitate smooth price movements as all orders keyed-in during the short period are executed at a single determined auction price.

The market is closed on public holidays. Traditionally, there is a half trading day 9am — As an extension to the regular trading session 9. It is aimed at increasing efficiency and transparency of the marketplace, so as to facilitate smooth price movements during the opening and closing sessions of trading.

The Pre-Open Routine is a 30 minutes auction session consisting of a Pre-Open Period and a Non-Cancel Period , which is conducted prior to the commencement of the regular trading session at 9. As for the Pre-Close Routine, it runs for 6 minutes. Likewise, it will also have a Pre-Close Period and a Non-Cancel Period. Pre-Open Routine Pre-Open Period 8. Buy and sell orders are keyed into the SGX trading terminals, and the orders can be amended or withdrawn.

However the orders placed are not matched yet. No further entries, amendments or withdrawal of orders are allowed.

Orders that can be matched are executed based on a single "opening" price computed by the SGX trading system. All unmatched orders will flow into the regular trading session. Adjust Phase Lunch Break Hours Orders can be entered, reduced in quantity or withdrawn.

No matching of orders is carried out.

Adjust Phase Non-Cancel Period 1. Orders cannot be entered, amended nor withdrawn. Orders that can be matched will be matched at a single price computed based on an algorithm set by SGX-ST. Unmatched orders are carried forward into the afternoon trading session. Pre-Close Routine Pre-Close Period 5. Orders that can be matched are executed based on a single "closing" price computed by the SGX trading system similar to the formulae used for the Pre-Open Routine.

All unmatched orders are discarded. The Pre-Open Routine allows investors' orders to be keyed into the SGX trading system before the market opens. In other words, for investors who key-in their orders through the internet, they can be sure that their internet orders are already in the order queue before 9 am. As for the Pre-Close Routine, it allows for a fair closing price. This should help lessen the manipulation of closing prices. Do I have to pay higher commissions if I place my orders during the Pre-Open Routine?

It is applicable to all securities traded on the Mainboard, SESDAQ and CLOB International. There is no obligation on the broker's part to inform clients if orders are not matched.

However, you may request that your broker do so. Is there any minimum lot size required for orders to be placed during the Pre-Open Period?

Will the settlement procedures be the same as trades done during the normal trading hours? Settlement procedures are exactly the same as for trades done during normal trading hours. The Road Ahead Back to SIAS Contact. If little kids don't aspire to make money like I did, what the hell good is this country? An investment in knowledge always pays the best interest. SAVE as much as you can.

INVEST as much as you can. GIVE as much as you can. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February. Why do I need a stock broker? How can I sell shares I own? How do I address concerns about my broker? Just write in to: Our trading hours are from 9am to The Pre-Open and Pre-Close Routines As an extension to the regular trading session 9.

Investors can place orders either via Internet or through their Remisiers or Dealers. Transaction fees are similar to trades done during normal trading sessions. Will my broker notify me should any of my Pre-Open orders be left unfilled? Orders of any board lot may be accepted.

There is no restriction on order sizes.