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Phillip Securities now allows investors to trade US-listed equities during Asian market hours

Felicia Tan
·2-min read

The brokerage arm of PhillipCapital is the first firm to offer such a service in Asia.

Phillip Securities, the brokerage arm of PhillipCapital, has launched the US Asian Hours service on July 19. The brokerage firm is the first in Asia to do so.

The service facilitates the trading of 38 US-listed equities and exchange-traded funds (ETFs) during Asian market hours from 9am to 5pm Singapore time.

It is available on the web trading platform of Phillip’s Online Electronic Mart System (POEMS) and the latest POEMS Mobile 3 app.

According to Phillip Securities, the launch of the US Asian Hours service is an “unprecedented development” in the trading of US-listed stocks in Asia. The trading of US-listed equities and ETFs would be a “significant departure” from the current practice of night-time trading during US pre-market hours and regular trading hours (RTH).

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With the US Asian Hours service, investors will be able to leverage the first-mover advantage by acting on any market-moving events that are outside of the RTH and US pre-market hours.

In addition, the latest service will enable Phillip Securities’ customers to enjoy greater flexibility, convenience, and control in their trading and investment decisions.

To facilitate this, clients will be transacting with Phillip Securities as principal and the US Asian Hours will quote bid-offers via POEMS 2.0 web trading platform and POEMS Mobile 3, so that clients can make transactions with confidence in price security. The minimum size of transactions on the US Asian Hours will be US$20,000 ($27,935.60).

Phillip Securities’ executive director in charge of this project, Hitoshi Shimoyama, says, “We are pleased to offer our clients an opportunity to trade US-listed equities and ETFs during the Asian time zones, through the US Asian Hours. We recognised the growing demand from Asian investors to trade US-listed equities and ETFs, and we have worked hard over the past few months to establish the US Asian Hours on POEMS 2.0 web trading platform and POEMS Mobile 3.”

He adds: “Now, clients will have an earlier and longer trading window to make transactions, the opportunity to be more responsive to market movements, and have the peace of mind to have confirmation of their transactions during Singapore day-time hours, as well as the choice to sell on the US exchanges during the same-day regular trading hours if they want to.”

“This initiative is part of Phillip Securities’ endeavour to pre-empt the needs of our clients, and a testament to our capabilities to innovate and develop the relevant services for our clients,” he continues.

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