Individual investors can expect transparency in price discovery and competitive trading costs of Singapore government bonds (SGS bonds) when they start trading on the Singapore Exchange (SGX) from July 8, SGX said Monday.
According to the exchange, market makers will be available to increase liquidity and make it easier for individual investors to buy and sell SGS bonds. The liquidity providers include seven out of 13 Singapore Government Securities (SGS) Primary Dealers, which have committed to provide two-way prices for the 19 SGS bonds traded on SGX. They are DBS, Deutsche Bank, HSBC, OCBC Bank, Standard Chartered Bank, The Royal Bank of Scotland and United Overseas Bank Limited.
With the participation of these SGS Primary Dealers, who are specialist intermediaries in the SGS and Singapore dollar money markets, investors can be assured of competitive and transparent SGS bond prices on SGX, the exchange said.
Investors will be able to check the prices of all SGS bonds traded on SGX from July 8 via “Live Prices” on www.sgx.com/fixedincome/sgs.
In addition, the majority of retail brokers, who support trading activities by individual investors, have committed to offer competitive brokerage rates on SGS bonds traded on SGX, the exchange said.
SGX is also organising educational seminars for investors who are interested to know more about how to buy and sell SGS bonds or fixed income securities on the exchange. Investors may visit www.sgx.com/academy to register for these free seminars.