The Business Times
business-time-50

As Charles Schwab exits Singapore, others take its place

google-preferred-sourceAdd BT as a preferred source
Published Mon, Oct 28, 2019 · 09:50 PM

    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.

    BrokeragesCharles Schwab

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong and Acting Minister for Culture, Community and Youth David Neo meeting the media to deliver the midterm update on the Economic Strategy Review in January.

    Singapore releases Economic Strategy Review Final Report with more detailed proposals

    The ringgit has weakened in spite of robust domestic fundamentals, including stronger trade data and steady inflation.

    Ringgit sinks to seven-month low despite record bond inflows as Fed fears dominate

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More