Despite having an uber-qualified CEO who has made much progress in his time here, I think the SGX has a LONG way to go before it can even be considered a developed-world stockmarket. Investors and issuers alike have a great interest in accelerating the pace of this development. The following proposal: 1) is simple and near-costless to implement, 2) benefits retail investors greatly/the most, and 3) will probably increase trading volumes i.e. profit for SGX. Following this letter, the great onus is on SGX to reply why not reduce its board lot policy.
...LETTER TO THE EDITOR
SGX should be in line with others on board lots, tooTHE Singapore Exchange (SGX) has finally decided when it will abolish the 90-minute lunch break, to be in line with other bourses.
But it remains out of sync in respect of its 1,000-share board lot, when most other leading bourses allow trading ...
