Tags: ASX | DBS | OCBC | SGX | UPP Holdings

WRITTEN BY DOW JONES & CO, INC

TUESDAY, 26 OCTOBER 2010 09:50

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail STI down 0.1% at 3177.58 after briefly trading in positive territory at open; index likely consolidating with mixed regional cues, also after Monday's 0.3% rise took it close to psychological 3200 level, which analysts see as hard to overcome.  Trader at local brokerage says there’s “nothing much happening;” focus still on SGX (S68.SG) with analyst reports coming out after news yesterday of its merger bid with ASX.    Says today’s reaction likely “more considered,” shares’ 2.6% fall to $8.72, shows view of deal not too favourable. DBS (D05.SG) off 0.7% at $14.50, OCBC (039.SG) down 0.2% at $9.07, UOB (U11.SG) +0.3% at $18.72; trader says interest in banks to be strong ahead of 3Q results starting next week amid ongoing concerns over effect of low Sibor on profitability.    392 million shares traded, worth $318 million; gainers, decliners fairly evenly matched; support at 3148, last week's low.

thanks BT!

wow MF Global's rates are very attractive.... you must be a big client for them to give you such good terms

from website, it seems that IG Market is abit more expensive... commission 0.2%, finance sibor +/-2.5%

came across  several  not-financial-savvy  millionaires bankrupted by  bankers' bad recommendations.

They would still be millionaires today if they had not met their sales bankers.

pOOr  mIllIOnaIres    . . . .

MF Global called me at 9am, just after I made my donation, lol. 

New commission rate : 0.165 %

 New financing rate : sibor + 2%

This is the lowest commission rate among all the DMA brokers, but financing rate not lowest.

Also MF Global don't provide very good charting tools, and the trailing stop loss not very good.

So I am also signing up for IG markets so i can use their Intraday charting.  

I always believe it should be about solving the customers problem and not first your own problem. Profits, as far as possible should be ensued and not pursued (at least not all the time). Do it right and $$$ will just flow in. Those who realize this will be off to a good start..... The success of Microsoft, Apple  are good examples.

I am so wary of agents/'bankers' who call themselves financial advisers when many are in fact as pharoah88 puts it,  just 'financial sales persons' out to make a comm rather than truly concerned about your well being

BT, when MF Global get back to you regarding the revised financing rate, can you please share it here?

i am currently with city index, but i'm thinking of signing up with either MF Global or IG Market...... Saxo is too expenisve for me :(

Bankers make money for the banks and themselves [in terms of commissions, bonus, incentives et cetera] at the expense of customers.

Singapore banks mainly made profits from loans [like Loan Sharks]  rather than on  providing profitable investment products to clients. 

Singapore bankers are seen as financial sales persons.