FSMOne web platform

[kurtgoh]

Do you know when will they make the purchase? Mine also deducted but can't see it under my holdings

Sent from Stamford Bridge using GAGT

deduction was made on the 8th of every month.

8th of feb turns out to be a sat, hence they will only buy on monday.
i just check, it also dont appear in my holding too

 

[MichealScott]

deduction was made on the 8th of every month.

8th of feb turns out to be a sat, hence they will only buy on monday.
i just check, it also dont appear in my holding too

That's what I thought but until now still can't see the purchase..

Sent from Stamford Bridge using GAGT

 

[makav31i]

That's what I thought but until now still can't see the purchase..

Sent from Stamford Bridge using GAGT

Those SGX listed ETF should already be in...My ES3 is purchased at $3.20...

 

[makav31i]

deduction was made on the 8th of every month.

8th of feb turns out to be a sat, hence they will only buy on monday.
i just check, it also dont appear in my holding too

That is for Unit Trust RSP...

12. When is the transaction date of my ETF RSP subscription?
If the 8th is a business day, the transaction date for the ETF RSP subscription will be on next trading day.
If the 8th falls on a non-business day, the transaction date will take place on the second trading day after the 8th.

 

[kurtgoh]

ETF RSP too,

i saw it:

Investment Amount (SGD) 999.90
Current Value (SGD) 985.92
Profit (SGD)-13.98
Profit (%) -1.40

FSM only charge 10 cent?

 

[highwind85]

ETF RSP Transacted Price

Anyone knows how FSMOne determine the transacted price for ETF RSP?

 

[klanddt]

Anyone knows how FSMOne determine the transacted price for ETF RSP?

It appears that the transaction price would be whatever price that is quoted when the transaction happened.

 

[makav31i]

ETF RSP too,

i saw it:

Investment Amount (SGD) 999.90
Current Value (SGD) 985.92
Profit (SGD)-13.98
Profit (%) -1.40

FSM only charge 10 cent?

The $999.90 is inclusive of your fees...If you go to "My Historical Transactions", you can see the Investment Amount, Transacted Price, Quantity and Fees...

 

[kakapantz]

I am also curious. My transacted price is always at the highest price of the day. This has happened for two consecutive months of my RSP.

Anyone knows how FSMOne determine the transacted price for ETF RSP?

 

[limster]

I am also curious. My transacted price is always at the highest price of the day. This has happened for two consecutive months of my RSP.

yup i checked, my 2800.HK RSP I am charged the highest price for the day.

fortunately on the day of purchase, 2800.HK price didn't move a lot.

If there is a lot of volatility and the price swings a lot, getting the highest price of the day doesn't seem quite right...

 

[kurtgoh]

The $999.90 is inclusive of your fees...If you go to "My Historical Transactions", you can see the Investment Amount, Transacted Price, Quantity and Fees...

ok, i saw it.
SGD 1.50

 

[highwind85]

It appears that the transaction price would be whatever price that is quoted when the transaction happened.

Yea. This is the reply I got from FSMOne.

Thank you for your email.

Please be advised that for ETF RSP, it will be transacted on the actual market price.

Feel free to contact us if you require further assistance.

Thank you and have a pleasant day.

yup i checked, my 2800.HK RSP I am charged the highest price for the day.

fortunately on the day of purchase, 2800.HK price didn't move a lot.

If there is a lot of volatility and the price swings a lot, getting the highest price of the day doesn't seem quite right...

I am also curious. My transacted price is always at the highest price of the day. This has happened for two consecutive months of my RSP.

Yea..I noticed that too. That triggered me to ask how they determine the price. And also wonder if POSB IS is better despite the slightly higher fees. (Move from POSB IS to FSMOne this year).
Just out of curiosity, is everyone's transaction happen at the same time for the same counter with the same transacted price?

My transacted price for ES3 is
Jan 2020 - 3.3050
Feb 2020 - 3.2000

 

[klanddt]

I think the instruction FSMOne place on behalf of their client is simply to say "get me $100.00 worth of ES3 shares" and depending on the liquidity of the available shares, it will transact at the best available price. Not necessarily at the highest price of the day.

Now, perhaps if there are a lot of subscribers and FSMOne tells the market they want $100,000,000 worth of ES3 shares, then the price may be higher due to lack of liquidity. Would this be possible?

Yea. This is the reply I got from FSMOne.

Thank you for your email.

Please be advised that for ETF RSP, it will be transacted on the actual market price.

Feel free to contact us if you require further assistance.

Thank you and have a pleasant day.






Yea..I noticed that too. That triggered me to ask how they determine the price. And also wonder if POSB IS is better despite the slightly higher fees. (Move from POSB IS to FSMOne this year).
Just out of curiosity, is everyone's transaction happen at the same time for the same counter with the same transacted price?

My transacted price for ES3 is
Jan 2020 - 3.3050
Feb 2020 - 3.2000

 

[limster]

The question is whether FSM is using some sort of primitive ordering system to fulfil our RSP orders (because whether the price at the days' high or low, there is no financial impact on FSM) that algos can prey on or whether their broker is using some sort of anti-predator algorithm to cloak the purchases.

i.e. are our RSP prices at the highest price of the day because FSM got makan by some predatory algo. ( I won't even mention front-running...)

 

[Mecisteus]

Yea. This is the reply I got from FSMOne.

Thank you for your email.

Please be advised that for ETF RSP, it will be transacted on the actual market price.

Feel free to contact us if you require further assistance.

Thank you and have a pleasant day.






Yea..I noticed that too. That triggered me to ask how they determine the price. And also wonder if POSB IS is better despite the slightly higher fees. (Move from POSB IS to FSMOne this year).
Just out of curiosity, is everyone's transaction happen at the same time for the same counter with the same transacted price?

My transacted price for ES3 is
Jan 2020 - 3.3050
Feb 2020 - 3.2000

POSB IS is using creation of units method to purchase the G3B.

FSM has to go to market to buy up the shares.

To be fair, the average price purchased on the execution day should be between the high and low for the day.

Some execution days will give high and some low average price.

If always on the high side, then their system is fishy.

Please monitor the trend.

 

[RunningBoar]

Yea. This is the reply I got from FSMOne.

Thank you for your email.

Please be advised that for ETF RSP, it will be transacted on the actual market price.

Feel free to contact us if you require further assistance.

Thank you and have a pleasant day.






Yea..I noticed that too. That triggered me to ask how they determine the price. And also wonder if POSB IS is better despite the slightly higher fees. (Move from POSB IS to FSMOne this year).
Just out of curiosity, is everyone's transaction happen at the same time for the same counter with the same transacted price?

My transacted price for ES3 is
Jan 2020 - 3.3050
Feb 2020 - 3.2000

Feb 2020 - 3.2 for me as well

 

[assiak71]

Logged in to fsm after a long time

It says You dont have any cash account. Is that normal? And should i opt in to auto-sweep account?

Thks

 

[Mecisteus]

Feb 2020 - 3.2 for me as well

Everyone should be getting same price.

 

[lancer6238]

You just set up a standing instruction from the bank side? No need do anything from the FSM side?

Sent from Stamford Bridge using GAGT

Yes, I just set up the SI from my bank. FSM will send me an email to notify me when the transfer is successful.



I only needed to convert to HKD manually since I'm buying an overseas ETF.

 

[Sadisticnoob]

Logged in to fsm after a long time

It says You dont have any cash account. Is that normal? And should i opt in to auto-sweep account?

Thks

Auto sweep not too bad the Interest rate at around 1.28

Good yield for a t+3 lock in

I think everyone is assigned a cash account number for fsm need to click on the cash ae

Sent from HUAWEI INE-LX2R using GAGT