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SGX
The minimum bid sizes are shown below.
SGX stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business trusts, warrants and any other class of securities.
| Share Price (S$) | Bid Size (S$) | Bid Range |
|---|---|---|
| Below 0.20 | 0.001 | +/- 30 bids |
| 0.20 to 0.995 | 0.005 | +/- 30 bids |
| 1.00 & above | 0.01 | +/- 30 bids |
For example, if ABC shares were last traded at S$3.360, the price range to enter will be calculated to be +/- 30 bids from S$3.360. In this case, the price range will be $3.060 and S$3.660. Orders entered out of this range will be rejected as a mitigating control for any error trade.
HKD-denominated stocks on SGX
| Share Price (HK$) | Bid Size (HK$) | Bid Range |
|---|---|---|
| Below 0.25 | 0.001 | +/- 10 bids |
| 0.25 to 0.495 | 0.005 | +/- 10 bids |
| 0.50 to 9.99 | 0.01 | +/- 10 bids |
| 10.00 to 19.98 | 0.02 | +/- 10 bids |
| 20.00 to 99.95 | 0.05 | +/- 10 bids |
| 100.00 to 199.90 | 0.10 | +/- 10 bids |
| 200.00 to 499.80 | 0.20 | +/- 10 bids |
| 500.00 & above | 0.50 | +/- 10 bids |
JPY-denominated stocks on SGX
| Share Price (¥) | Bid Size (¥) | Bid Range |
|---|---|---|
| Below 2,000 | 1 | +/- 10 bids |
| 2,000 to 2,995 | 5 | +/- 10 bids |
| 30,000 to 49,950 | 50 | +/- 10 bids |
| 50,000 to 99,900 | 100 | +/- 10 bids |
| 100,000 & above | 1,000 | +/- 10 bids |
Others
| Class of Security (S$) | Bid Size (S$) | Bid Range |
|---|---|---|
| ETFs and Debentures | 0.01 or 0.001 as determined by SGXST | +/- 30 bids |
| Bonds, and Loan Stocks | 0.001 | +/- 30 bids |
| Bonds and Loan Stocks quoted in the $100 price convention (including SGS Bonds) | 0.001 | +/- 1000 bids |
BURSA
You can key in share prices for an order of up to +/- 30 cents (for share price below RM1.00) or +/- 30% (for share price more than RM1.00) from the previous day's closing price. The share price bid sizes are shown in the table below. Bursa Malaysia shall enforce Price Thresholds for all securities traded. The upper and lower price limits set for the whole trading day are as below:
Share price bid sizes, limit up and limit down
| Share Price | Bid Size | Upper Limit Price Threshold for Existing Share | Lower Limit Price Threshold for Existing Share |
|---|---|---|---|
| Below RM1.00 | 0.5 sen | 30 sen | 30 sen (subject to minimum price of 0.5 sen) |
| RM1.00 up to RM9.99 | 1 sen | 30% | 30% |
| RM10.00 up to RM99.98 | 2 sen | 30% | 30% |
| RM100.00 and above | 10 sen | 30% | 30% |
For bonds, debentures, loan securities, warrants and call warrants, the minimum bid structure has the same minimum trading spreads as for shares.
ETF bid sizes
| Securities | Share Price | Bid Size |
|---|---|---|
| ABFMY1 | At any price | 0.1 sen |
| Equity-Based ETFs | Less than RM1.00 | 0.1 sen |
| Equity-Based ETFs | RM1.00up to RM2.995 | 0.5 sen |
| Equity-Based ETFs | RM3.00 and above | 1 sen |
Example 1: If the Reference Price is RM0.06, the limit up price will be RM0.36 (RM0.06 + RM0.30) and limit down price will be RM0.005 (system minimum price).
Example 2: If the Reference Price (i.e. the Last Traded Price on previous day or last trading day) is RM1.14. The upper limit price will be RM1.48 (i.e. 30% of RM1.14, round downward to the nearest bid size). The lower limit price will be RM0.80 (ie 30% of RM1.14, round upward to the nearest bid size).
No orders shall be entered above the upper limit or below the lower limit during the trading day.
HKEx
The share price bid sizes are shown in the table below.
| Share Price | Bid Size (HK$) |
|---|---|
| From $0.01 to $0.25 | 0.001 |
| Over $0.25 to $10.00 | 0.005 |
| Over $10.00 to $20.00 | 0.01 |
| Over $20.00 to $50.00 | 0.02 |
| Over $50.00 to $100.00 | 0.05 |
| Over $100.00 to $200.00 | 0.10 |
| Over $200.00 to $500.00 | 0.20 |
| Over $500.00 to $1,000.00 | 0.50 |
| Over $1,000.00 to $2,000.00 | 1.00 |
| Over $2,000.00 to $5,000.00 | 2.00 |
| Over $5,000.00 to $9,995.00 | 5.00 |
The share price bid sizes for Exchange Traded Funds are shown in the table below.
| Share Price | Bid Size (HK$) |
|---|---|
| From $0.01 to $ 1.00 | 0.001 |
| Over $1.00 to $5.00 | 0.002 |
| Over $5.00 to $10.00 | 0.005 |
| Over $10.00 to $20.00 | 0.01 |
| Over $20.00 to $100.00 | 0.02 |
| Over $100.00 to $200.00 | 0.05 |
| Over $200.00 to $500.00 | 0.10 |
| Over $500.00 to $1,000.00 | 0.20 |
| Over $1,000.00 to $2,000.00 | 0.50 |
| Over $2,000.00 to $9,999.00 | 1.00 |
The share price bid size for debt securities are as follows:
| Share Price | Bid Size(HK$) |
|---|---|
| From $0.50 to $9,999.95 | 0.05 |
HK-Shanghai/Shenzhen Stock Connect
Minimum bid size is CNY 0.01. Shares traded on the SSE/SZSE are subject to a price limit based on their previous closing price, including a ±10% price limit for stocks under normal circumstances and a ±5% price limit for stocks that are under special treatment (i.e. ST and *ST stocks) under risk alert.
HKEx has put in place a dynamic price checking for buy orders. Buy orders with input prices lower than the current best bid (or last traded price in the absence of current best bid, or previous closing price in the absence of both current best bid and last traded price) beyond a prescribed percentage will be rejected by the Exchange. HKEx has set the dynamic price checking at 3% during the initial phase and may be adjusted from time to time subject to market conditions.
During Opening Call Auction, the current bid (or previous closing price in the absence of the current bid) will be used for checking. During Closing Call Auction, the current bid (or last traded price in the absence of the current bid) will be used for checking. Dynamic price checking will be applied throughout the trading day, from the 5-minute input period before the start of Opening Call Auction until market close.
US Markets
| Share Price | Aggressive Price Away Limit | Passive Price Away Limit |
|---|---|---|
| Less than US$25 | 10% | 100% |
| US$25.01 to US$50 | 5% | 100% |
| Above US$50 | 3% | 100% |
If a current bid or ask is not available, then the most recent quote is used to calculate the limit threshold.
Example: 1. If the current bid price is at $15.00, then a sell order at $13.45 (Aggressive price) will be rejected because it is more than 10% limit threshold.
2. If the current ask price is at $30.00, then a buy order at $31.60 (Aggressive price) will be rejected because it is more than 5% limit threshold.
IMPORTANT REMINDER: As there is no minimum or maximum bid size check, do exercise cautious during your order submission. If you have entered a higher buying price or a lower selling price than the opening / prevailing price, your order will be executed based on the prevailing market conditions. You must always check your UTRADE order status for the latest order status.
For further details, please click this link.
LSE
The minimum bid size depends on the counter's value. The share price bid sizes are listed below:
| Share Price (GBX, GBP, USD, EUR) | Minimum Bid Size |
|---|---|
| Less than 0.9999 | Minimum bid is 0.0001 GBP |
| 1 – 4.9995 | Minimum bid is 0.0005 GBP |
| 5 – 9.999 | Minimum bid is 0.001 GBP |
| 10 – 49.995 | Minimum bid is 0.005 GBP |
| 50 – 99.99 | Minimum bid is 0.01 GBP |
| 100 – 499.95 | Minimum bid is 0.05 GBP |
| 500 – 999.9 | Minimum bid is 0.1 GBP |
| 1000 – 4999.5 | Minimum bid is 0.5 GBP |
| 5000 – 9999 | Minimum bid is 1 GBP |
| Above 10,000.00 | Minimum bid is 5 GBP |
Take note that order price must be entered in increments of the specified bid size, otherwise the submitted order will be rejected and your order price cannot be more than 10% above the last traded price.
Example: If the price is GBP 50.01, valid bid prices would be GBP 50.01, GBP 50.02, GBP 50.03, etc.
Australia
| Share Price(AUD) | Minimum Bid Size (AUD) |
|---|---|
| Less than A$0.10 | 0.001 |
| A$0.10 to A$1.995 | 0.005 |
| Above A$2.00 | 0.01 |
| Order Submission | Restrictions |
| Price | Up to 10% from Best Bid or Offer Price (E.g. If the current bid price is at A$15.00, then a sell at A$13.45 (Aggressive Price) will be rejected due to exceeding 10% limit threshold) |
| Quantity | Up to 30% of the average of the last 20 days of trade |
| Value | Up to USD 1m for each submission |
Clients should contact their Trading Representative or E-Business Representative for assistance with adjusting a trading limit.
| Foreign Exchanges | Share Price | Board Lot Size |
|---|---|---|
| Bursa | Any | 100 Units |
| SSE & SZSE | Any | 100 Units |
| SGX | ≤ S$10 | 100 Units |
| SGX | > S$10 and up to S$100 | 10 Units |
| SGX | > S$100 | 1 Unit |
| HKEX | Lot sizes varies by stock. | Lot sizes varies by stock. |
| US | Any | 1 Unit |
| LSE | Any | 1 Unit |
| ASX | Any | 1 Unit |
Note: Effective 5 October 2026, SGX will reduce the standard board lot size for an initial group of 11 eligible higher-priced securities. SGX will review additional securities on a quarterly basis for possible inclusion under the reduced board lot framework.
For more details, visit the SGX website here.
Bursa
The maximum number of shares that can be placed in a single order is 500,000. For orders greater than 500,000 shares, multiple orders in smaller quantities should be entered.
| Foreign Exchanges | Singapore | Hong Kong | US & Australia | LSE |
|---|---|---|---|---|
| Maximum Share | 5000 Lot = 500,000 units | 500 Lot = 500,000 units | 500 Lot = 500,000 units | 30% of the Average Daily Traded Volume (ADTV) of the last 20 trading days. |
Bursa
Odd lot placement can be done online, using the UTRADE trading platform on a web browser only.
SGX, HKEX and SSE & SZSE
Odd lot placement cannot be done online. Clients should contact their Trading Representative for odd lot order placement.
US & Australia
Trading is available with a minimum of 1 unit.
New orders for the next trading day can be placed from the following times onward.
All overnight orders are subject to a trading limit check on the next trading day. Clients are advised to check the order status periodically.
| Market | Time |
|---|---|
| Bursa | After 17:15 hrs (Malaysia Time) |
| SGX | After 23:59 hrs (Malaysia Time) |
| HKEX | After 23:59 hrs (Malaysia Time) |
| HK- SSE/SZSE Connect | After 23:59 hrs (Malaysia Time) |
| US | After 11:59 hrs (Malaysia Time) |
| ASX | After 23:59 hrs (Malaysia Time) |
| LSE | After 23:59 hrs (Malaysia Time) |
