http://www.poems.com.sg/FinancialMarket/ustrading.asp?value=us
There is no minimum bid size. Prices submitted are subject to a maximum of 2 decimal places for NASDAQ, AMEX and NYSE shares. As the board lot is made up of 1 share the minimum quantity is 1 share. ================================================================= US Our system participates in the trading of NYSE/AMEX/NASDAQ listed stocks during exchange trading hours. We do not participate in the US pre-open and pre-close trading sessions. The US price feed reflected in our POEMS System may include trades done during off-market trading as well as trades from other US exchanges. As such, the opening, high, low and last done prices for US stocks in our system may include trades that are not executed on NYSE/ AMEX/ NASDAQ. What are the US markets that I may trade in? You may choose to trade shares listed in American Stock Exchange (AMEX), NASDAQ or New York Stock Exchange (NYSE). How can I place my US trades? You can choose to place orders for your US trades online with POEMS or by calling our US Night Dealing Desk. May I place my US orders with POEMS at anytime of the day? You may place orders with POEMS for 24 hours, except during the period between 4.00am - 4.15am ** (Refer to Daylight Savings note). Orders placed after 4.15am will be placed on queue on a first come first serve basis for the next trading day. ** Daylight Savings time starts second Sunday of March and ends first Sunday of November. Therefore, non-submission of orders are 4:00am to 4:15am (March to Nov) and 5:00am to 5:15am (Nov to March). How can I check the status of my orders if I place my orders with POEMS? After submission of orders, you may proceed to [Order Status] to check if the orders are on queue, done, or rejected. All orders will be issued with an order number for easy tracking. You are required to check on the orders status for any possible trade correction before market opens on the next trading day. Can I withdraw my orders? You may withdraw any orders under processing if you had placed your trading orders with POEMS. Alternatively, you may contact our US Night Dealing Desk (ph: 6535 1144) for assistance. What is the validity period for my orders? All orders submitted are only valid for one trading day. Orders not done will be cancelled at the end of each trading day. Can I perform "contra trades" for US stocks? Yes, contra trading is allowed for US trading. Is odd lot trading available in the respective US Markets? Yes, odd lot trading is available. The minimum quantity to be submitted is at least 1 share What is the minimum bid size and quantity for trading? There is no minimum bid size. Prices submitted are subject to a maximum of 2 decimal places for NASDAQ, AMEX and NYSE shares. As the board lot is made up of 1 share the minimum quantity is 1 share. What are the types of order available for US trading? All orders submitted are limit orders (ie. Orders can be executed at a price which will be the same as or better than the order price) Will I be able to 'Amalgamate' my US Trades? You cannot "amalgamate" your US trades. What is the trading hours for the US Markets? US trading hours is between 9:30pm and 4:00am (Singapore Time) US markets will be closed on holidays. Please check Non-Trading Day. Note: Where a holiday falls on a Saturday, AMEX / NYSE / NASDAQ will not operate on the proceeding Friday. Where a holiday falls on a Sunday, AMEX / NYSE / NASDAQ will not operate on the succeeding Monday. How will I know how much my US trading limit is set at? You can check your trading limit through the Internet, Intranet or calling your Dealing Representative. How can I increase my Trading Limit? You may request an increase in trading limit by calling your Dealing Representative. May I trade US Shares that I purchased through other securities firm? Yes, you may. However, you are required to transfer your share holdings to Phillip Securities Pte Ltd before you can commence to trade through POEMS. What are the procedures to do Share Transfer? Step 1: You have to give instructions to that securities firm to transfer the shares to Phillip Securities Pte Ltd. The letter should clearly state: Name of Security to be transferred Quantity of shares to be transferred If it is a securities firm based in Singapore, you need to instruct them to liaise with Foreign Shares Transfer department at Tel: 65311732 or email: foreignshares...@phillip.com.sg for further details If it is a securities firm based in the US, you must provide custodian details which can be obtained from Foreign Shares Transfer department Step 2: You have to provide Phillip Securities with corresponding instructions to receive the shares. Instructions has to clearly state: Name of Security transferred Quantity of shares transferred If it is a securities firm based in Singapore, please give us the name and telephone number of the contact person from the transferring securities firm If it is a securities firm based in the US, please give us custodian details of transferring broker (ie. Name and DTC of the US transferring broker) Your Phillip/POEMS trading account number The following are ways that you can submit their instruction to Foreign Shares Transfer department: Fill a Phillip Securities "Transfer In" form. Please click here for the form. Fax a letter of instruction to Foreign Shares Transfer department at Fax no: 65332056 Send an email instruction to Foreign Shares Transfer department at Email address: foreignshares...@phillip.com.sg (There are no charges for transferring shares to Phillip. However, it is important that you check with the delivering securities firm as to whether there are any charges for transferring your shares out) How long will the shares transfer take to complete? Timeframe will vary for each transfer. It all depends on when the delivering firm actually sends out the shares electronically. In normal circumstances, once the delivering firm sends the shares out, it should take 1-2 days for us to receive the shares. How can I sell through POEMS if I am holding physical certificates? Before selling, you have to deposit the share certificate/s into your trading account with Phillip Securities Pte Ltd. What is the procedure to deposit physical certificate/s with Phillip Securities Pte Ltd? You will have to sign at the back of each share certificate under the "transferor" column or "shareholder" column. In addition, you need to submit a signed W8-BEN form if you have not already done so previously. Please click here for charges incurred. Note: We will not accept the following share certificates: Restricted share certificates. For this type of share certificates, there will be a "RESTRICTED SHARES" stamped on the front of the share certificates. We will not accept certificates for shares listed on OTC and OTCBB. This is because currently our US custodian does not support online trading for the OTC and OTCBB. We will only accept share certificate/s for counters that are traded on NYSE, NASDAQ and AMEX. Please note that clients are required to buy back their shares to cover the sale position if the physical shares deposited are subsequently found to be not good for deposition. How long will it take for the physical certificates to be credited to your account? For physical share certificates deposition, the process will take 3-4 weeks to complete. How will I know when the physical certificate is credited? You will be able to view through their online POEMS account under "Foreign Shareholding" (for Cash Trading accounts) or "Scrip Positions" (for all other account types). Alternatively, you can call the Operations staff to verify whether the share has been credited. How can I trade US shares that have been delisted from NYSE/NASDAQ main board to OTC/OTCBB? Since our US custodian does not support online trading in OTC/ OTCBB, you will need to put in your orders through your dealers/ remisier or the night dealers. The night dealing team can be contacted at 6535 1144. I placed a BUY order at price higher than closing price that reflected in the POEMS, why is my order not completed? The live prices shown on POEMS consists all the US exchanges transaction. As we only participate in NYSE/AMEX/NASDAQ, it is possible that your orders are not done if the live prices shown are not from the exchange that we participate in.
