KUALA LUMPUR: Starting today, commission rates for Internet trading and cash upfront transactions will be fully negotiable as part of the new measures introduced to ensure a more competitive rate structure.
The commission rate for non-Internet and non-cash upfront transactions will remain unchanged but with a minimum brokerage charge of RM40 for these transactions, the Securities Commission (SC) said in a statement yesterday.
This initiative is part of a phased approach towards a more deregulated, competitive and vibrant stock market environment, the SC said.
In this regard, the new measures will allow brokers to provide customers with the choice of cost-efficiencies offered by Internet trading and the personal and customised service offered by dealer representatives, it said.
This creates an environment which ensures that the pricing of the services are appropriate to the level of services rendered.
The SC said that overall, the gradual deregulation of pricing structures was intended to provide industry the flexibility to offer a greater choice to a broader range of customers as well as to create a more competitive environment for the provision of intermediation services. Bernama
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