- Important Notes for Transactions
- About FSM Global
- Account
- Fees, Charges & Calculations
- Funds (Unit Trusts)
- Bonds
- Stocks & ETFs
- Managed Portfolios
- Cash Solutions / Parking Facility / Payments
- Regular Saving Plan (RSP) and Top-Up Plan
- Insurance
- FSM Global Debit Card
- Product Financing
- Security and Safety
- Estate Planning
- Others
Trading in different markets
| Start Time | End Time | ||
| Full Day Trading | |||
| Opening Routine | Pre-Open | 8.30am | 8.58/8.59*am |
| Non-Cancel | 8.58/8.59*am | 9.00am | |
| Trading (Morning) | Open | 9.00am | 12.00pm |
| Mid-Day Break | Pre-Open | 12.00pm | 12.58/12.59*pm |
| Non-Cancel | 12.58/12.59*pm | 1.00pm | |
| Trading (Afternoon) | Open | 1.00pm | 5.00pm |
| Closing Routine | Pre-Close | 5.00pm | 5.04/5.05*pm |
| Non-Cancel | 5.04/5.05*pm | 5.06pm | |
| Trade At Close (TAC) | 5.06pm | 5.16pm | |
| Close | 5.16pm | ||
| Start Time | End Time | ||
| Half Day Trading | |||
| Opening Routine | Pre-Open | 8.30am | 8.58/8.59*am |
| Non-Cancel | 8.58/8.59*am | 9.00am | |
| Trading (Morning) | Open | 9.00am | 12.00pm |
| Closing Routine | Pre-Close | 12.00pm | 12.04/12.05*pm |
| Non-Cancel | 12.04/12.05*pm | 12.06pm | |
| Trade At Close (TAC) | 12.06pm | 12.16pm | |
| Close | 12.16pm | ||
Introduction of Mid-day break for SGX
A mid-day break will take place from 12pm to 12.58/59pm, during which orders will not be matched but participants may enter, amend or cancel orders. An indicative equilibrium price (IEP) will be published to provide an indication of the market level during the break, which ends with an auction. Continuous trading resumes at 1pm.
Daily scheduled maintenance for Stocks/ETFs between 6.50am - 7am for SGX, 7.45am - 7.50 am for HKEX. All order withdrawal, amendment and cancellation for these two exchanges would not be available during this time. We apologise for any inconvenience caused.
| Full Day Trading | ||
| Pre-Open | Order Input | 9.00am - 9.15am |
| Non-cancellation | 9.15am - 9.20am | |
| Random matching | 9.20am - 9.22am | |
| Blocking | 9.22am - 9.30am | |
| Open | Morning session | 9.30am - 12.00pm |
| Mid day Break | 12.00pm - 1.00pm | |
| Afternoon session | 1.00pm - 4.00pm | |
| Pre-Close | Reference price fixing | 4.00pm - 4.01pm |
| Order-input | 4.01pm - 4.06pm | |
| Non-cancel | 4.06pm - 4.08pm | |
| Random close | 4.08pm - 4.10pm | |
| Half Day Trading | ||
| Reference price fixing | 12.00pm - 12.01pm | |
| Order input | 12.01pm - 12.06pm | |
| Non-cancel | 12.06pm - 12.08pm | |
| Random close | 12.08pm - 12.10pm | |
Note:
Daily scheduled maintenance for Stocks/ETFs between 6.50am - 7am for SGX, 7.45am - 7.50 am for HKEX. All order withdrawal, amendment and cancellation for these two exchanges would not be available during this time. We apologise for any inconvenience caused.
| NASDAQ | NYSE# | BATS | ||
| Core Trading Session | 9.30am to 4.00pm (Eastern Time) 10.30pm to 5.00am (Singapore Time) Non-cancel and amend: 10.25pm to 10.30pm (Singapore Time) https://www.nasdaqtrader.com/content/TechnicalSupport/UserGuides/TradingProducts/crosses/openclosequickguide.pdf During Daylight Saving Time* 9.30pm to 4.00am (Singapore Time) Non-cancel and amend: 9.25pm to 9.30pm (Singapore Time) https://www.nasdaqtrader.com/content/TechnicalSupport/UserGuides/TradingProducts/crosses/openclosequickguide.pdf |
|||
| Reference | Nasdaq Systems Hours of Operation | NYSE Holidays & Trading Hours | CBOE Hours & Holidays | |
iFAST does not participate in the trading of NYSE/NYSE-American/NASDAQ/BATS listed stocks during the US pre-open and pre-close trading sessions. The US price feed reflected in our platform 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 NASDAQ, NYSE and NYSE American (previously known as NYSE-MKT and AMEX).
*Daylight Saving Time starts on 2nd Sunday of March to 1st Sunday of November.
|
China A-shares Trading Session |
China A-Shares Trading Hours |
Time for Input Order |
Note |
|
|
Opening Call Auction |
09:15 – 09:25 |
09:10 – 11:30 |
09:20 – 09:25Able to place New Orders but will not accept Order Cancellation. |
09:10 – 09:15 New Orders and Order Cancellations can be accepted but will not be processed by SSE / SZSE until market opens. |
|
Continuous Auction (Morning) |
09:30 – 11:30 |
|||
|
Mid Day Break |
11:30 – 12:55* |
- |
*Unable to place New Orders and Order Cancellations at 11:30 – 12:55 |
|
|
5 minute Input Period |
12:55 – 13:00 |
- |
- |
|
|
Continuous Auction (Afternoon) |
13:00 – 14:57 |
12:55 – 15:00 |
14:57 – 15:00 |
|
|
Close Call Auction |
14:57 – 15:00 |
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| Trading Phase | Normal Market and Odd Lot Market | |
| 1st Session | Pre-Opening | 8.30am |
| Opening and Continuous Trading | 9.00am | |
| Closing | 12.30pm | |
| Lunch | ||
| 2nd Session | Pre-Opening | 2.00pm |
| Opening and Continuous Trading | 2.30pm | |
| Pre-Closing | 4.45pm | |
| Closing | 4.50pm | |
| Trading at Last | 4.50 - 5.00pm | |
| Half Day Trading | ||
| 1st Session | Pre-Opening | 8.30am |
| Opening and Continuous Trading | 9.00am | |
| Pre-Closing | 12.15pm | |
| Closing | 12.20pm | |
| Trading at Last | 12.20pm - 12.30pm |
During Pre-Opening:
- New order entry, order modification and order cancellation are permitted.
- No orders are matched.
4.00pm to 12.30am (Singapore Time)
During Daylight Saving Time*
3.00pm to 11.30pm (Singapore Time)
iFAST does not participate in the pre-opening and pre-closing trading sessions.
*UK Daylight Savings starts on last Sunday of March and ends last Sunday of October
Please click on the link below for more details on the different trading sessions on the SGX.
https://www2.sgx.com/securities/trading
HKEX
Please click on the link below for more details on the different trading sessions on the HKEX.
http://www.hkex.com.hk/eng/market/sec_tradinfra/tradmech.htm
Please note that currently, no order input, modification or cancellation will be allowed between 9.15am to 9.30am for HKEX.
China A-Shares
https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Trading-Hours/Securities-Market?sc_lang=en
Please note that no amendment of orders is allowed for China A-Shares.
Bursa Malaysia (KLSE)
Please click on the link below for more details on the different trading sessions on the Bursa.
Please refer to Section 2.3 and 2.4 of the Participating Organisations’ Trading Manual.
US Exchanges
Please click on the link below for more details on the different trading sessions on the US Exchanges.
NASDAQ: https://www.nasdaq.com/market-activity/quotes/extended-trading
NYSE#: https://www.nyse.com/markets/hours-calendars
BATS: https://markets.cboe.com/newsroom/hours/
#NYSE includes NYSE, NYSE American (previously known as NYSE-MKT and AMEX) and NYSE Acra.
| Price Range (Except HKD, RMB and JPY) | Tick Size |
| Below $0.20 | $0.001 |
| $0.20 - $0.995 | $0.005 |
| $1.00 - $99.99 | $0.01 |
| $100.00 - $199.90 | $0.10 |
| $200.00 - $499.80 | $0.20 |
| $500.00 - $999.50 | $0.50 |
| Price Range (HKD and RMB) | Tick Size |
| Below $0.25 | $0.001 |
| $0.25 - $0.495 | $0.005 |
| $0.50-$9.99 | $0.01 |
| $10.00 - $19.98 | $0.02 |
| $20.00 - $99.95 | $0.05 |
| $100.00 - $199.90 | $0.10 |
| $200.00 - $499.80 | $0.20 |
| $500.00 & above | $0.50 |
| Price range (JPY) | Tick Size |
| Below $2,000 | $1 |
| $2,000 - $2,995 | $5 |
| $3,000 - $29,990 | $10 |
| $30,000 - $49,950 | $50 |
| $50,000 - $99,900 | $100 |
| $100,000 & above | $1,000 |
SGX - ETFs
Please refer to the respective ETF factsheet
SGX - DLCs & Structured Warrants
| Price range | Tick Size |
| $0.001 – $0.199 | $0.001 |
| $0.200 – $1.995 | $0.005 |
| $2.00 & above | $0.01 |
HKEX - Stocks
| Price Range | Tick Size |
| $0.001 - $0.249 | $0.001 |
| $0.250 - $0.495 | $0.005 |
| $0.50 - $19.99 | $0.01 |
| $20.00 - $49.98 | $0.02 |
| $50.00 - $99.95 | $0.05 |
| $100.00 - $199.90 | $0.10 |
| $200.00 - $499.80 | $0.20 |
| $500.00 - $999.50 | $0.50 |
| $1,000.00 - $1,999.00 | $1.00 |
| $2,000.00 - $4,998.00 | $2.00 |
| $5,000 and above | $5.00 |
HKEX Exchange Traded Products (ETPs) including Exchange Traded Funds (ETFs) and Leveraged & Inversed Products
| Price Range | Tick Size |
| $0.001 - $0.999 | $0.001 |
| $1.000 - $4.998 | $0.002 |
| $5.000 - $9.995 | $0.005 |
| $10.00 - $19.99 | $0.01 |
| $20.00 - $99.98 | $0.02 |
| $100.00 - $199.95 | $0.05 |
| $200.00 - $499.90 | $0.10 |
| $500.00 - $999.80 | $0.20 |
| $1,000.00 - $1,999.50 | $0.50 |
| $2,000.00 and above | $1.00 |
HKEX Structured Products including Callable Bull / Bear Contracts, Derivative Warrants and Inline Warrants
| Price Range | Tick Size |
| $0.001 - $0.249 | $0.001 |
| $0.250 - $0.495 | $0.005 |
| $0.50 - $9.99 | $0.01 |
| $10.00 - $19.98 | $0.02 |
| $20.00 - $99.95 | $0.05 |
| $100.00 - $199.90 | $0.10 |
| $200.00 - $499.80 | $0.20 |
| $500.00 - $999.50 | $0.50 |
| $1,000.00 - $1,999.00 | $1.00 |
| $2,000.00 - $4,998.00 | $2.00 |
| $5,000 and above | $5.00 |
US Exchanges
| Share Price | Min Bid Size |
| Below $1.00 | $0.0001 |
| Above $1.00 | $0.01 |
China A-Shares
| Share Price | Min Bid Size |
| All | $0.01 |
KLSE - Stocks
| Type of Securities | Price of Securities | Tick Size (cent) |
|
All securities except for Equity-based Exchange Traded Fund and Bond-based Exchange Traded Fund |
Less than 1.00 | 0.5 |
| 1.00 to 9.99 | 1 | |
| 10.00 to 99.98 | 2 | |
| 100.00 and above | 10 | |
| Equity-based Exchange Traded Fund | Less than 1.00 | 0.1 |
| 1.00 to 2.995 | 0.5 | |
| 3.00 and above | 1 | |
| Bond-based Exchange Traded Fund | At any Price | 0.1 |
LSE - Stocks
| Price > = | Price < | Tick Size |
| 0 | 1 | 0.0001 |
| 1 | 2 | 0.0002 |
| 2 | 5 | 0.0005 |
| 5 | 10 | 0.001 |
| 10 | 20 | 0.002 |
| 20 | 50 | 0.005 |
| 50 | 100 | 0.01 |
| 100 | 200 | 0.02 |
| 200 | 500 | 0.05 |
| 500 | 1,000 | 0.1 |
| 1,000 | 2,000 | 0.2 |
| 2,000 | 5,000 | 0.5 |
| 5,000 | 10,000 | 1 |
| 10,000 | 20,000 | 2 |
| 20,000 | 50,000 | 5 |
| 50,000 | 10 |
- Securities listed on LSE can be traded in different currencies e.g. GBP and GBX.
- GBP stands for pound, GBX stands for pence.
| Market | Exchanges | Minimum board lot |
| Singapore | SGX | 1*, 10, 100 (depending on securities) |
| Hong Kong | HKEX | Not fixed |
| China | China A-Shares | 100 |
| Malaysia | Bursa | 100 |
| United States | BATS, NASDAQ, NYSE# | Exchange support trade based on 1 share (Note: Less than 100 shares are defined as Odd lot, Round lot is 100 shares or more) |
| London | LSE | Exchange support trade based on 1 share |
*SGX ETFs board lot is 1 share with effect from 17 January 2022.
#NYSE includes NYSE, NYSE American (previously known as NYSE-MKT and AMEX) and NYSE Acra.
#KLSE
Market Segments Trading of Securities is conducted in the following 4 market segments:
• Normal Lot Market Refers to securities traded in Board Lot (100 unit per lot) size.
• Odd Lot Market Refers to securities traded in a quantity of between 1 to 99 units.
• Buying-in Normal Market Where a PO, having sold securities in board lots, fails by the Scheduled Delivery Time to make available in the relevant securities account, the securities in board lots as tradeable balance the Exchange shall upon being advised by the Clearing House of the failed contract, automatically buy-in against the defaulting PO concerned without notice, on the settlement day.
Please click on the Buy/Sell button for the respective counter on our Live Trading page, and refer to the "Lot Size" information displayed there.
30 maximum ticks up and down from last done price or day close price if last done price is not available.
For all SGX ETFs, there is a maximum price limit of ±10% with effect from 17 January 2022.
China A-Shares
For SSE Main Board Securities, SZSE Main Board and SZSE SME Board Securities, there is a price limit of ±10% (and ±5% for stocks under special treatment (i.e. ST and *ST stocks)) based on the previous closing price.
However, the price spread limitation for each China A-Share is subject to the exchange.
US Exchanges
±20% away from prevailing market price.
KLSE
| Type of Securities | Reference Price | Lower Limit Price | Upper Limit Price |
| All Securities on the first day of listing or quotation except for ETF Bond and ETBS | Equal to or above RM1.00 | In a trading day, 30% below the Reference Price rounded to the higher bid | In a trading day, 400% above the Reference Price rounded to the lower bid |
| Below RM1.00 | In a trading day, 30 sen below the Reference Price rounded to the higher bid | In a trading day, 400% or 30 sen above the Reference Price, whichever is higher, rounded to the lower bid | |
| All securities except for ETF Bond, ETBS and Structured Warrants and Leverage and Inverse ETF |
Equal to or above RM1.00 | In a trading day, 30% below the Reference Price rounded to the higher bid |
In a trading day, 30% above the Reference Price rounded to the lower bid |
| Below RM1.00 | In a trading day, 30 sen below the Reference Price rounded to the higher bid | In a trading day, 30 sen above the Reference Price rounded to the lower bid |
Dynamic Price Limits
| Price Range | Limit/Price Band |
| Below RM1.00 | ±RM0.08 |
| RM1.00 and above | ±8% |
Applicable to all securities except for Exchange Traded Products (ETPs) during continuous trading hours:
|
Order Validity |
Order Side |
Limit Type |
Spread Rule |
Remarks |
|
DAY |
BUY |
Upper Limit |
No more than 9 ticks above last traded price. |
|
|
Lower Limit |
A. No more than 24 ticks below last traded price. B. No more than 5% below last traded price, rounded up to the nearest tick. |
Whichever lower |
||
|
SELL |
Upper Limit |
A. No more than 24 ticks above last traded price. B. No more than 5% above last traded price, rounded down to the nearest tick. |
Whichever higher |
|
|
Lower Limit |
No more than 9 ticks below last traded price. |
|
Applicable to Exchange Traded Products (ETPs) during continuous trading hours:
|
Order Validity |
Order Side |
Limit Type |
Spread Rule |
Remarks |
|
DAY |
BUY |
Upper Limit |
No more than 9 ticks above last traded price. |
|
|
Lower Limit |
A. No more than 24 ticks below last traded price. B. No more than 3.5% below last traded price. |
Whichever lower |
||
|
SELL |
Upper Limit |
A. No more than 24 ticks above last traded price. B. No more than 3.5% above last traded price. |
Whichever higher |
|
|
Lower Limit |
No more than 9 ticks below last traded price. |
|
HKEX Good-Till-Date (GTD) orders have broader passive limits compared to DAY orders:
-
Buy Orders: A GTD buy can have a lower limit (minimum price) of up to 50% below the reference price.
-
Sell Orders: A GTD sell can have an upper limit (maximum price) of up to 50% above the reference price.
Please refer to the exchange holiday schedule in the links provided below:
SGX: https://www.sgx.com/derivatives/trading
HKEX: https://www.hkex.com.hk/News/HKEX-Calendar?sc_lang=en
*China Stock Connect: https://www.hkex.com.hk/Mutual-Market/Stock-Connect/Reference-Materials/Trading-Hour,-Trading-and-Settlement-Calendar?sc_lang=en
NYSE: https://www.nyse.com/markets/hours-calendars
NASDAQ: https://www.nasdaqtrader.com/Trader.aspx?id=calendar
BATS: https://www.cboe.com/about/hours
Bursa Malaysia: https://www.bursamalaysia.com/about_bursa/about_us/calendar
LSE: https://www.londonstockexchange.com/equities-trading/business-days
Note: Do take note that China A-Shares trading holiday schedule takes reference to both HKEX as well as Northbound trading holiday schedule.
The following table illustrates the trading arrangement for Northbound Trading:
| Day | Mainland Holiday | Hong Kong Holiday | Northbound Trading |
| Monday | No | No | Open |
| Tuesday | No | No | Not open (No money settlement service will be provided on Wednesday due to HK holiday) |
| Wednesday | No | Yes | Not open (HK holiday) |
| Thursday | Yes | No | Not open (Mainland holiday) |