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As Charles Schwab exits Singapore, others take its place

Published Mon, Oct 28, 2019 · 09:50 PM
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Singapore

SINGAPORE remains an attractive destination for new brokerage entrants, with two such outfits setting up here even as US-focused discount broker Charles Schwab announced that it would cease operations in the city-state by year-end.

Interactive Brokers - known for its low-cost trading platform - received an approval-in-principle for a Monetary Authority of Singapore (MAS) Capital Markets Service licence in September.

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Charles Schwab

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