It is no longer news to many in the stocks market that SGX will be introducing full day trading from 1 August 2011. There goes the 90 minutes lunch break which serves as much needed rest for the traders / remisiers. There are two clear advantages:
a) Investors can react faster to news, especially for news in Asia that can impact their stocks. Thus they can trade during the original lunch break to take advantage of market reactions.
b) More trading can happen since the number of hours for trading per day has effectively increased by 90 minutes. This benefits both SGX as well as the brokerage houses.
However, I don't see much advantage for the remisiers. The availability of lunch hours for direct trading, means more clients will switch to online trading at their own computers, essentially cutting down the number of clients for remisiers. Currently, clients who are only free during their lunch breaks, will be more comfortable to call their remisiers and place orders. In furture, they will just click at their computers.
I guess other than technology (online trading platforms), remisiers are now hit by developments of stock exchanges as well.
See related:
- SGX's 1st Full Day Trading - 1st Aug 2011
See related:
- SGX's 1st Full Day Trading - 1st Aug 2011
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