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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 08-01-2015, 09:53 PM   #2971
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I was hoping they really shut down their retail online biz and allow us to transfer to CDP for free
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Old 08-01-2015, 10:00 PM   #2972
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any mention about the bank itself
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Old 08-01-2015, 10:06 PM   #2973
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any mention about the bank itself


Good enough
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Old 08-01-2015, 10:08 PM   #2974
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Good enough
But people are already scared leh ... duno what would happen in the future.
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Old 08-01-2015, 10:12 PM   #2975
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But people are already scared leh ... duno what would happen in the future.
Actually anything could also happen not only with scb de. Don't worry, they will give ample time for adjustment de.
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Old 08-01-2015, 10:40 PM   #2976
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So it seems the institutional equity has been closed with immediate effect le.

http://www.channelnewsasia.com/mobil...o/1576052.html

In the Retail Clients segment , for example, the Group’s strategy of focusing on key cities and accelerating the switch to digital has resulted in around 2,000 job cuts announced or completed in the last three months. A reduction of a further 2,000 is expected during 2015, primarily to be achieved by not replacing staff when they leave, the bank said.

The bank - which has been struggling with rising bad loans - will close its stock broking, equity research and equity listing desks around the world, and cut more than 200 jobs, Reuters had reported earlier on Wednesday, quoting an internal memo and unnamed sources.

“(Standard Chartered) has not made any money in the last two years,” Reuters quoted a source as saying. The bank had failed to be among the top 10 banks globally for research or trading at the end of 2013, reported Reuters, citing a survey by Greenwich Associates.

The Asia-focused bank will be one of the first global banks to completely exit the equity capital markets business, according to Reuters. London-based Standard Chartered had said it would aim to cut costs by more than US$400 million in a bid to reverse declining profit growth, Reuters added
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Old 08-01-2015, 10:50 PM   #2977
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So it seems the institutional equity has been closed with immediate effect le.

Standard Chartered to close equities business worldwide 'with immediate effect' - Channel NewsAsia

In the Retail Clients segment , for example, the Group’s strategy of focusing on key cities and accelerating the switch to digital has resulted in around 2,000 job cuts announced or completed in the last three months. A reduction of a further 2,000 is expected during 2015, primarily to be achieved by not replacing staff when they leave, the bank said.

The bank - which has been struggling with rising bad loans - will close its stock broking, equity research and equity listing desks around the world, and cut more than 200 jobs, Reuters had reported earlier on Wednesday, quoting an internal memo and unnamed sources.

“(Standard Chartered) has not made any money in the last two years,” Reuters quoted a source as saying. The bank had failed to be among the top 10 banks globally for research or trading at the end of 2013, reported Reuters, citing a survey by Greenwich Associates.

The Asia-focused bank will be one of the first global banks to completely exit the equity capital markets business, according to Reuters. London-based Standard Chartered had said it would aim to cut costs by more than US$400 million in a bid to reverse declining profit growth, Reuters added
all these ppl tio pok with immediate effect, no warning at all, damm pooor thing
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Old 08-01-2015, 10:52 PM   #2978
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Standard Chartered, here for good.
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Old 08-01-2015, 10:54 PM   #2979
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all these ppl tio pok with immediate effect, no warning at all, damm pooor thing
Yeah, sad thing to come to office and you couldn't enter the office bcos your pass no longer work

This is to make sure that u don't get to login to your computer to retrieve as many sensitive information from your pc
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Old 08-01-2015, 10:57 PM   #2980
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i only care about the stock broker scb platform, still there or not?
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Old 08-01-2015, 10:58 PM   #2981
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Does this brokerage offers live feeds of US market, even with paying?
You mean SCB? No.
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Old 08-01-2015, 11:00 PM   #2982
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Does this brokerage offers live feeds of US market, even with paying?
u want live feed u can keep clicking the "refresh" button.
can only "refresh" 1 stock at a time
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Old 09-01-2015, 06:37 AM   #2983
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Standard chartered online trading platform will continue to be around. Institutional equities affected but for some reason, maybe some big shot wants their online trading platform for retailers to stay. Don't believe SCB still around? Simple. Just make the call yourself 1800 242 5333. If unsure, please don't anyhow post. Please be considerate. People are running a business which is still providing good jobs. Don't any say things that make things worse.

Just make the call 1800 242 5333. Simple matter to verify. I am staying for good because the cost is simply too competitive compared to the other undeserving brokers which charge too much.
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Old 09-01-2015, 06:38 AM   #2984
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i only care about the stock broker scb platform, still there or not?
Yes. Just make the call 1800 242 5333 to verify yourself.
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Old 09-01-2015, 08:12 AM   #2985
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Standard chartered online trading platform will continue to be around. Institutional equities affected but for some reason, maybe some big shot wants their online trading platform for retailers to stay. Don't believe SCB still around? Simple. Just make the call yourself 1800 242 5333. If unsure, please don't anyhow post. Please be considerate. People are running a business which is still providing good jobs. Don't any say things that make things worse.

Just make the call 1800 242 5333. Simple matter to verify. I am staying for good because the cost is simply too competitive compared to the other undeserving brokers which charge too much.
Ya the online trading platform remains. Mentioned in today's ST also. Don't jump the gun.
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