What is an “Unit Share”?

The standard board lot size is 100 units. However, certain products such as Special Purpose Acquisition Companies Warrants (SPAC Warrants), some Exchange Traded Funds (ETFs), American Depository Receipts (ADRs), and fixed income instruments may trade in other board lot sizes.

Board lot sizes of various products

*Effective 17-Jan-2022, all SGX listed ETFs will be traded in board lot size of 1 unit.

SGX also has a Unit Share Market to facilitate the trading of odd lots in any quantity less than one board lot of the underlying securities in the Ready Market.

Does Longbridge provide odd lot trading services?

Yes, Longbridge provides odd lot trading services. You can log in to the Longbridge App - Portfolio - Trade - Choose Symbol and select a stock - Direction (Buy/Sell) - Type and tap “Odd Lot Order” - enter price and quantity and submit your order.

Why is the buying price of odd lots higher than that of board lots?

The odd lot market has a relatively small circulation and trading volume, so the buying price of odd lots might be higher than that of board lots. When buying odd lots, you can enter a bid price that is slightly higher than the market price to give the trade a greater chance of matching.

Why is the selling price of odd lots lower than that of board lots?

The odd lot market has a relatively small circulation and trading volume, so the selling price of odd lots might be lower than that of board lots. When selling odd lots, you can enter an ask price that is slightly lower than the market price to give the trade a greater chance of matching.

What are the charges for odd lot orders?

The charges for odd lot orders are the same as those for board lot orders. Please refer to Trading Fee for details.

Can I place an odd lot order together with a board lot order?

Odd lot orders and board lot orders need to be placed separately. Odd lot orders must be less than one lot.

What are the trading hours for odd lots?

Odd lots can only be traded during the continuous trading session of SG stocks (9:00am~12:00pm and 1:00pm~5:00pm on trading days). The morning session and closing auction session are not applicable to odd lots.

Which order types are supported for odd lots? Can I amend an order after placing it?

Odd lot trades only support the order type of “odd lot limit order". You cannot amend an order after placing it, but you can cancel the order.

I submitted an odd lot order, but why has it not been executed?

The odd lot market has a relatively small circulation and trading volume, so it is difficult to find an exact match between the buyer and seller after the order is sent, which leads to a late execution.

Does Longbridge support odd lot transfer?

Yes, Longbridge supports odd lot transfer-in&out. Please refer to Guidance of stocks transfer in and Guidance of stocks transfer out for details.