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Stockbroking's newcomer says, 'I'm cheaper'

Published Fri, Jun 23, 2017 · 09:50 PM
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1. What do you think was the most significant thing that happened this week?

A new low-cost retail stockbroking service from fund distributor iFast Corp may not affect interest rates around the world, or set off privatisation rumours, or add fuel to a prominent political and family dispute, but it is emblematic of disruption at the very heart of Singapore's financial ecosystem.

iFast on Friday launched a brokerage service through its FSMOne platform that offers commission rates of 0.12 per cent for stocks and 0.08 per cent for exchange-traded funds, subject to a S$10 minimum.

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