Hi! I have recently opened a stock trading account with one of the bigger banks in Singapore. After some negotiations we agreed on a decent commission percentage and leverage level. All good that far, but then the issue of clearing came up. According to my broker, the SGX charge 0.0325% (plus an access fee of 0.0075%) on all trades on top of the regular commission to the bank. That is more than 10 times higher than some other advanced markets and 5 times higher than for example the Thai SET! Cost of clearing on that level would make any large scale serious daytrading really difficult. I am specialized in trading stocks, so CFDs or futures is not an option for me. Any trader in the Singapore SGX that can shed light on this? Do local daytraders really pay that much for clearing?