Fractional share trading FAQs - SG
Here you'll find quick answers to common questions about fractional share trading.
1. What is fractional share trading?
The standard trading unit is one board lot of 100 shares. However, some products, such as Special Purpose Acquisition Company (SPAC) Warrants, exchange-traded funds (ETFs), American Depositary Receipts (ADRs), and fixed income instruments, may have different board lot sizes.
Board lot size for different products
Product | Board lot size |
SPAC Warrant | 1 |
ETF | 1 |
ADR | 10 |
Fixed income instrument | 10, 100, or 1,000 |
* Since 17 January 2022, all ETFs listed on the Singapore Exchange (SGX) trade with a board lot size of 1 unit.
SGX also has a market for fractional share trading, which allows for trading for quantities smaller than a standard board lot of the underlying security.
2. Does Longbridge provide fractional share trading services?
Yes, Longbridge provides fractional share trading services. You can go to the Longbridge App > Portfolio > Trade > Choose Symbol, select a stock and the trading direction (buy/sell), tap Odd Lot Order under Type, enter the price and quantity, and submit the order.
3. Why might the buy price for a fractional share be higher than for 1 lot?
Due to lower liquidity and trading volume in the fractional share market, the buy price for fractional shares might be higher than for a full lot. When buying fractional shares, you can enter a price slightly above the market price to increase the chance of filling the order.
4. Why might the sell price for a fractional share be lower than for 1 lot?
Due to lower liquidity and trading volume in the fractional share market, the sell price for fractional shares might be lower than for a full lot. When selling fractional shares, you can enter a price slightly below the market price to increase the chance of filling the order.
5. What are the fees for fractional share trading?
The fee for fractional share trading is the same as for standard lot trading. For details, please see the Longbridge pricing table.
6. Can I buy/sell fractional shares and full lots in a single order?
No, fractional shares and full lots require separate orders. The number of shares for a fractional share order must be less than one board lot.
7. When can I trade fractional shares?
Fractional shares can only be traded during the continuous trading session of the Singapore stock market (9:00–12:00 and 13:00–17:00 on trading days). There is no pre-market session or closing auction session for fractional shares.
8. What types of orders are supported for fractional shares? Can I modify my order after submitting it?
Fractional share trading only supports limit orders. Once placed, these orders cannot be modified but can be canceled.
9. Why hasn't my fractional share order been filled after submission?
Due to lower liquidity in the fractional share market, your order might not be filled immediately if there are no matching buy/sell orders from other participants.
10. Does Longbridge support the transfer of fractional shares?
Yes, Longbridge supports both transfer-in and transfer-out of fractional shares. For details, please see the guidelines for share transfer-in and the guidelines for share transfer-out.
Disclosures
This article is for reference only and does not constitute any investment advice.
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