US Asian Hours

Coming Soon!

What is "US Asian Hours"?

Singapore's first trading platform launched by Phillip Securities to provide trading of specific US equities during Asian market opening hours.

Currently, our US Pre-Market hours offer trading from 4pm – 9.30pm SGT (5pm – 10.30pm non-DST). With the launch of “US Asian Hours”, investors can trade even earlier from 9am – 5pm SGT.

This will give investors greater flexibility and convenience when trading in the US equities. They will have access to an extra 7 hours of US trading, which is not offered by any other broker! Investors can leverage this capability and take action on any market moving events that are outside of the extended hours and realise the first mover advantage that is exclusive only to POEMS clients. Furthermore, it allows for more trading opportunities via POEMS from the start of US Asian hours (9am SGT) till the end of Regular Trading Hours (4am SGT).

To facilitate this, clients will be transacting with Phillip Securities as the principal and the US Asian Hours will quote bid-offers via the POEMS trading platform, so that clients can make transactions with confidence in price security.

Terms and Conditions Applies.

Please use the link below for more information

https://www.poems.com.sg/markets/us-asian-market-hours/?product=stocks&utm_source=poems&utm_medium=fomo+banner&utm_campaign=UsAsianHours2022

What are the BENEFITS to transfer-in shares? (For Client)

 

What are the BENEFITS to transfer-in shares? (For Client)

 

Clients can potentially gain incremental earnings up to 4%pa for assets custodized with Phillip Securities.

Phillip Securities is the only brokerage that offer securities lending for Singapore Equities.

• No disruption to trading activities (except for Sale to the Buy-In Market)
• No impact on margin ratio
• Hassle free lending arrangements
• Lenders are entitled to the full economic benefits (except for voting rights)
• All CDP and Transfer-in Charges waived!

Illustration on Lending Fee Calculation:

Client A transfer 20,000 shares of IFAST and Client B transfer 50,000 shares of Top Glove to Phillip SBL account on 15 May 2022.

(a)    Assume SBL borrow at 2%pa for IFAST and 4% for Top Glove for a period of 30 days.

(b)   Based on Last Done Price $4.75 for IFAST and S$0.49 for Top Glove.

 

Client A will receive S$156 of lending fee over period of 30 days.

Client B will receive S$80.50 of lending fee over period of 30 days.

Lending fee is computed on a daily basis (non-compounded) and will be accrued to client’s SBL account on a monthly basis, where:
Lending fee per day = Lending Rate / 365 days x Last Done Closing Price x Quantity

More info on SBL click HERE

Terms and Conditions

Promotion is valid for new transfer-in form submitted from period 1 June 2022 to 30 September 2022.

Total share value is calculated based on each counter’s Last Done Price on 30 September 2022.

Minimum transfer in value of S$20,000 per client for above hot stock list to qualify as successful transfer-in.

Lending fee is only paid to client when the shares are being lent out, to be credited into client’s account by the first week of each following month.

PSPL reserves the right at its absolute discretion to amend the terms and conditions of, or terminate this scheme without prior notice. In the event of any dispute involving the interpretation of terms and conditions or any disagreement arising from this scheme, PSPL reserves the right to make the final decision.

Please contact me at 90400848 if you are interested. 

Notice: All outstanding long-dated (GTD) SG orders will be purged by SGX on Saturday (25 June 2022)

Please be informed that all outstanding Good-Till-Date (GTD) SG orders will be purged on Saturday (25 June 2022) due to implementation of Self-Trade Prevention by Singapore Exchange (“SGX”). You can check the expired SG GTD order status on 25 June from 2pm onwards.

We apologize for any inconvenience caused and thank you for your understanding.

US Pre-Market Trading Hours have been extended! Starting Monday, 13 June 2022, you can trade US stocks and shares from 4pm!

 

Complimentary SGX Enhanced Market Depth extended till 30 June 2022!

Complimentary SGX Enhanced Market Depth has been extended to help you better capitalise on opportunities in the Singapore market!

Due to overwhelming requests, we are happy to share that the complimentary SGX Enhanced Market Depth promotion has been extended for 3 more months! From now to 30 June 2022, all POEMS clients are eligible to enjoy Complimentary SGX Enhanced Market Depth Access on the POEMS suite of trading platforms!

Read More ...

GST Exemption on CFD Commissions for Local Clients

After consulting the Inland Revenue Authority of Singapore, we are pleased to inform that the provision of CFDs to our local clients qualifies as Exempt Supply under the GST Act.

As of 14th March 2022, the 7% GST charge will NOT be applicable to CFD commissions for all local clients.

There will be no adjustments to reimburse any GST incurred for past transactions. 

Do note that GST will still be applicable for other services such as retrieval of statements.

Cash Management Account Referral Program are Extended!

 

For more information, please click here 

https://www.poems.com.sg/referral-cash-management/?TR=BA6