Contra trading adds flexibility to share trading

I REFER to the report, "Reprieve for small investors as MAS reviews 5% collateral for stock trades" by Angela Tan (BT, Sept 25).

The premise that the practice of contra is irresponsible share trading is quite unfounded. Share traders bent on stretching the settlement period, who traded shares without actual money in their pocket, are things of the past. Nowadays, contra players …