Bumps seen ahead for trade in smaller board lots

Singapore

STICKY fees and a relatively inactive retail segment could limit the immediate impact of the move to reduce the smallest multiple of shares that can be traded, say market observers ahead of the Jan 19 cut in the Singapore Exchange (SGX) minimum board lot size.

The minimum multiple of shares that can be traded on SGX will be set at 100 shares from Monday, a 10th of the current minimum of 1,000 shares - a move that has received widespread support from the industry.