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  • How do you trade Daily Leverage Certificates?

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    Daily Leverage Certificates are listed on the Singapore Stock Exchange (SGX) and can be bought and sold via brokers just like shares at any time during market hours. A Designated Market Maker (DMM) will contribute live tradable prices and intra-day liquidity.

    When you trade DLCs intra-day, the costs and fees mainly consists of the brokerage fee, trading fees and the bid/ask spread from trading which are typically the same as trading shares on the exchange.

    When you hold DLCs overnight, leverage and hedging costs and fees will be charged, such as the funding cost, rebalancing cost, the gap premium and the management fee, which are calculated daily and applied to the value of the DLCs.

    All the costs and fees are reflected in the bid and ask quotes of the DLC provided by the Designated Market Maker (DMM). No costs and fees will be charged by the issuer separately.

    DLCs are listed and traded on the Singapore Stock Exchange (SGX) in a similar way to shares. DLCs are classified as Specified Investment Products (SIPS).