Stand chart online trading

[kennycai]

Hi all,would like to ask if I place an order say 5 lots of cache logistics thru stand chart online trading....then an hour later I received sms saying order has been filled.....can I sell the stock 1 day after I received the sms or am I selling Naked...

Many thanks for ur replies☺☺☺☺!

 

[chill_lax]

yes u can just sell since ur order of 5 units was filled. Once its filled, the stocks is "yours".

 

[ZacharyA]

Hi all,would like to ask if I place an order say 5 lots of cache logistics thru stand chart online trading....then an hour later I received sms saying order has been filled.....can I sell the stock 1 day after I received the sms or am I selling Naked...

Many thanks for ur replies☺☺☺☺!

once it's filled, you can sell immediately.

however, the funds in your securities trading settlement account will only be cleared 3 working days later... (if you continue holding the shares), if you sell on the day itself, 3 days later will have the net effect (be it gain / loss depending on your sale and purchase price on that day)

SCB commission #1....

 

[kennycai]

Thanks for your replies!if I sold it on the 1st day,the settlement acc will not show any deduction..assuming it was filled n sold on the same day...can I theThanks for your replies!if I sold it on the 1st day,the settlement acc will not show any deduction..assuming it was filled n sold on the same day...can I then use this amt to buy new stocks on the 2nd day?or do I have to wait till the 3rd day where the net gain or loss is in?n use this amt to buy new stocks on the 2nd day?or do I have to wait till the 3rd day where the net gain or loss is in?

 

[kennycai]

Apologies,I think the copy and pasting led to the distortion in my above post.

I would like to enquire if my order is filled n cleared on 1st day....can I use tat original sum of money which I used to bought the shares on the first day to buy new stocks?

Or do I have to wait till the end of the 3rd day when the net gain or loss is credited to my settlement acc before using tat sum of money to buy stocks?

Thanks for the replies in advance!

 

[Mecisteus]

Apologies,I think the copy and pasting led to the distortion in my above post.

I would like to enquire if my order is filled n cleared on 1st day....can I use tat original sum of money which I used to bought the shares on the first day to buy new stocks?

Or do I have to wait till the end of the 3rd day when the net gain or loss is credited to my settlement acc before using tat sum of money to buy stocks?

Thanks for the replies in advance!

obviously cannot! your money is locked for that purchase.

 

[neanea]

How to use this SCB platform?

I don't see any prices and volume ?

 

[kennycai]

You can open an e saver acc with stand chart 1st before opening ur trading accs.Your trading accs are the E settlement acc, which contains funds to be deducted when your Order has been filled as well as your dividend from your Shares Holding..

But,stand chart requires you to have either tertiary education in Finance i.e. Diploma in Finance related modules or placed 6 trades in SGX before using other Broker..otherwise they wont allow you to open trading acc with them..

 

[neanea]

How to use this SCB platform?

I don't see any prices and volume ?

Any advice????

 

[lingua101]

Any advice????

If I am not wring the quote is 15 min delay anyway.

I only use it to execute small order, as the fee is cheap compare to mainstream broker.