There are a couple of updates to fees at two Singapore brokers. OCBC Securities has slightly reduced its commissions on the higher tiers for Singapore stock trades – trades S$50-100k are now 0.22% from 0.275% and trades above S$100k are now 0.18% from 0.20%. This brings it in line with most of its local peers for online Singapore trades.
It’s a small change, but at least it’s in the client’s favour. DBS Vickers appears to have gone in the opposite direction. A reader has pointed out some significant alterations to the firm’s fee schedule for some international markets. (These apparently came in a little while ago, but neither I nor anyone I know uses DBS, so I wasn’t aware of it until now.)