The Singapore Exchange (SGX) will reduce its board lot size for securities above $10 to 10 units from 100 units previously.
The reduction in board lot size will improve investor access and boost trading activity, says the Monetary Authority of Singapore (MAS) in its equities market review announcement on Nov 19.
The size of the board lots was last reduced in January 2015 from 1,000 to 100 units. At the time, the SGX said a smaller board lot size will make it more “affordable” for retail investors to invest in a wider range of equities including blue chips.
Under the review group measures, SGX will also enable the broader offering of investment securities like portfolio management, fractional trading and robo-investing for SGX securities, says MAS.
The proposed broker custody account model is said to be in line with major market practices and will encourage greater participation by internationally active asset managers.
Retail investors will have the option of keeping their CDP direct accounts if they wish to do so.
See also: The race to $10 starts at 10
The SGX will consult on the rule changes in 1Q2026.
