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iFAST launches cheap retail trading service

Fund distributor eyes wealth management future comprising ETFs, funds, stocks and bonds

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Published Thu, Jun 22, 2017 · 09:50 PM

    Singapore

    FUND distributor iFAST Corporation is gunning for a double-digit market share in retail stockbroking in three to five years, said chief executive officer Lim Chung Chun.

    The company is launching its discount brokerage service for Singapore stocks today. While not expected to break even for a while, the service will bring in "incremental revenue" that will benefit iFAST's integrated wealth management strategy, Mr Lim told The Business Times.

    iFastSGX

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