New Bid Size & Forced Orders on Jul 4 2011

SGX has came out with a new bid size & forced order spreads that will be effective from Jul 4 2011. Does it result in savings for investors? Personally I don't think so. The new bid size may result in more transactions being executed but savings for investors?

Anyway, new information as follows:

Securities (excl. exchange traded funds)

Price Range (S$)	Bid Size (S$)	Forced Orders (Bids)
Below 0.20	0.001	+/- 20
0.20 – 0.995	0.005
1.00 – 1.99	0.005
2.00 – 9.99	0.01
10 and above	0.01

Debentures (excl. loan stocks and bonds)

Price Range (S$)	Bid Size (S$)	Forced Orders (Bids)
All	0.01 or 0.001 as determined by SGX-ST	+/-30