MARKETS | Tony Chua, Singapore

Stanchart kicks off Singapore online shares trading

The lender opens its doors to allow customers to settle their trades in 14 exchanges in 10 countries.

British bank Standard Chartered on Monday launched an online trading platform that will allow customers in Singapore to trade shares in 14 exchanges in 10 countries.

The 10 countries include favourites such as Hong Kong, the United States and Japan. Stanchart will let customers settle their trades in multiple currencies and not charge a minimum commission on small transactions, according to a report in Reuters.

Stanchart, which counts Singapore as its third largest market in terms of group income and profit, did not previously offer stockbroking services to retail customers in the city-state.

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