BON
3.35 ($0.00)
BOSV
6.75 ($-4.03)
CWKN
3.50 ($0.00)
DES
4.00 ($0.00)
ECFH
4.49 ($0.00)
GCBL
8.88 ($0.00)
GESL
12.00 ($0.00)
GPCL
5.40 ($0.00)
RBGL
45.00 ($0.00)
SKNB
3.00 ($0.00)
SLES
20.00 ($0.00)
SLH
2.00 ($0.00)
TDC
1.30 ($0.00)

An ECSE intermediary is a firm authorised by the Securities Commission to trade securities of listed companies on behalf of investors. Banks and non-bank financial institutions may become securities intermediaries. Other legal entities may also provide these services,but they are required to set up a separate business/subsidiary to specifically conduct securities business. Currently, ECSE intermediaries are either limited service brokers or broker/dealers.

Limited service brokers are authorised to handle all the functions necessary for securities trading, including:

  • funds collection
  • securities ownership verification
  • order placement and settlement for securities transactions

Limited service brokers facilitate transactions for investors but are not allowed to give advice or hold money on their behalf, except for settling transactions. They charge fees for their services.

Broker/dealers provide the following services in addition to those provided by limited service brokers:

  • actively study market fluctuations
  • evaluate new products
  • provide investment advice
  • conduct trading services
  • keep records of their clients’ holdings
  • set up and maintain accounts on behalf of their clients
  • help companies go public
  • determine the best method and time to issue securities

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