18 Feb 2021
1) If I were to buy a stock at 0900hrs using "Cash", can I sell at 0915hrs?
2) And if I were to sell, do I need to tick "Contra" or untick?? Appreciate your answer
This question has been asked before.
Basically, if you already have confirmation that your buy order is filled (i.e. you own the shares) but the settlement only happends T+2/3 days later, you can do contra sell to settle only the difference (either gain/loss).
If contra is not ticked, then the settlement of buy and sell will happen and reflected separately on your order/sell invoice i believe. (Im not too sure on this).
Write your thoughts
DBS Vickers Securities
0.18% to 0.28%
STOCK HOLDING TYPE