Today is the day where bid spreads on stocks listed in SGX are reduced.
For shares trading below 20 Singapore cents each, investors will be able to place bids as little as 0.1 cent wide instead of at intervals of half a cent.
For shares between 20 Singapore cents and S$1.99, the spread will be 0.5 cent instead of 1 cent.
For shares priced above $2, the minimum interval will be at 2 cents.
Looking at some of the price quotes, I think many people are still unaware of this new change.