Time for brokers to make bigger contribution to the revitalisation of the Singapore market
Reduced board lot sizes may largely benefit SGX and the brokers; custody accounts could be an opportunity to alleviate frictions of exercising shareholder rights
Add BT as a preferred source
[SINGAPORE] When the Malaysian market was booming in the early 1990s, some small-time investors in Kuala Lumpur would informally pool their funds together to purchase shares.
Some of them told me that they formed these loose joint ventures because they didn’t have a lot of spare cash, while others said that they wanted to escape the hassle of having to open their own brokerage accounts. Teaming up with a few friends essentially reduced the frictions and ticket price of participating in the market.
This arrangement seemed to appeal to their human nature too.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
