Asia & Pacific trading

Market opening hours

• GMT: 23:00 - 05:00
• BST: 01:00 - 07:00
• Local time: 10:00 - 16:00

Please note that epic codes for all Australia listed stocks are quoted as letters.

Ticks and Tolerance

When trading on the Australian Stock Exchange you must be aware of tick sizes and tolerance levels.

Ticks

A tick size is the minimum incremental movement in the price of a stock. The minimum size of a tick is dependent on the current share price - see table below

For example;
If Example Limited NPV is currently trading at AUD0.50 - AUD0.52 any limit order must be set at 0.5 (half) cent increments.
Limit to sell at 0.50 - ok
Limit to sell at 0.501 - not ok
Limit to sell at 0.505 - ok
Limit to sell at 0.511 - not ok

Tolerance levels

A BUY limit order can be placed up to a maximum of 20 ticks or 5% (whichever is smaller) above the last traded price. If a BUY limit order is placed greater than 20 ticks or 5% (whichever is smaller) above the last traded price, the order will be rejected by the market/exchange.

A SELL limit order can be placed up to a maximum of 20 ticks or 5% (whichever is smaller) below the last traded price. If a SELL limit order is placed greater than 20 ticks or 5% (whichever is smaller) below the last traded price, the order will be rejected by the market/exchange.

Lot size

There are no lot sizes for the Australian Stock Exchange

Types of Order

Only limit orders are permitted on the Australian Stock Exchange.

All orders placed on the Australian Stock Exchange will be placed after the opening auction which is held in the first 10 minutes of trading

Settlement

• Settlement on the Australian Stock Exchange is T3
• Settlement on the Australian Stock Exchange along with an FX transaction is T3
• Settlement in stand alone FX transactions is T2

Market opening hours

• GMT: 02:00 - 08:00 (Lunch = 0430 - 0630)
• BST: 03:00 - 09:00 (Lunch = 0530 - 0730)
• Local time: 10:00 - 16:00 (Lunch = 1230 - 1430)

Please note that epic codes for all Hong Kong listed stocks are numeric.

Ticks and Tolerance

When trading on the Hong Kong Stock Exchange you must be aware of tick sizes, tolerance levels and lot sizes

Ticks

A tick size is the minimum incremental movement in the price of a stock. The minimum size of a tick is dependent on the current share price - see table below.

For example;
If Example Holdings Ltd is currently trading at HK$15.00 - HK$15.20 any limit order must be set at 2 cent increments.
Limit to sell at 15.00 - ok
Limit to sell at 15.01 - not ok
Limit to sell at 15.02 - ok
Limit to sell at 15.03 - not ok

Tolerance levels

A BUY limit order must be placed at the current offer price or down to a maximum of 20 ticks below the current offer price. If a BUY limit order is placed above the current offer price or greater than 20 ticks below the current offer price, the order will be rejected by the market/exchange.

A SELL limit order must be placed at the current bid price or up to a maximum of 20 ticks above the current bid price. If a SELL limit order is placed below the current bid price or greater than 20 ticks above the current bid price, the order will be rejected by the market/exchange.

Lot size

There are three different types of lot size

Please note that each stock listed on the Hong Kong Stock Exchange has a different lot size. Details of these can be found at www.hkex.com.hk

• All purchases must be made in board lots
• All mixed and odd lot purchase lots will be rejected
• Sales can be placed in mixed and odd lots
• The sale of an odd lot will be made in the end of day auction which could affect the price.
• In the case of mixed lots the available board lot will be traded with the remainder treated as an odd lot.

Types of Order

Only limit orders are permitted on the Hong Kong Stock Exchange

Settlement

• On the Hong Kong Stock Exchange is T2
• You can settle and trade in HKD with multi currency account using NatWest Stockbrokers FX service - this is T2

Market opening hours

• GMT: 01:00 - 09:00 (Lunch = 0430 - 0600)
• BST: 02:00 - 10:00 (Lunch = 0530 - 0700)
• Local time: 09:00 - 17:00 (Lunch = 1230 - 1400)

Please note that epic codes for all Singapore listed stocks are alphanumeric and stocks can be quoted in USD as well as S$.

Ticks and Tolerance

When trading on the Singapore Stock Exchange you must be aware of tick sizes, tolerance levels and lot sizes

Ticks

A tick size is the minimum incremental movement in the price of a stock. The minimum size of a tick is dependent on the current share price - see table below.

For example;
If Example Ltd NPV is currently trading at S$2.50 - S$2.55 any limit order must be set at 2 cent increments.
Limit to sell at 2.50 - ok
Limit to sell at 2.505 - not ok
Limit to sell at 2.51 - ok
Limit to sell at 2.515 - not ok

Tolerance levels

A BUY limit order must be placed at the current offer price or down to a maximum of 6 ticks below the current offer price. If a BUY limit order is placed above the current offer price or greater than 6 ticks below the current offer price, the order will be rejected by the market/exchange.

A SELL limit order must be placed at the current bid price or up to a maximum of 6 ticks above the current bid price. If a SELL limit order is placed below the current bid price or greater than 6 ticks above the current bid price, the order will be rejected by the market/exchange.

Lot size

Singapore stocks can only be traded in lots of 1,000

Types of Order

Only limit orders are permitted on the Singapore Stock Exchange

Settlement

• Settlement on the Singapore Stock Exchange is T3
• Settlement on the Singapore Stock Exchange along with an FX transaction is T3
• Settlement in stand alone FX transactions is T2