Created
March 8, 2013 19:28
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commission calculator for two typical online trading platforms for SGX in SGD, Standard Chartered Bank and Lim & Tan Disclaimer: the values calculated work for me but I have noticed the values differ a bit due to rounding
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| #Sample Contract Value | |
| vol=1000 | |
| price=10 | |
| volprice=vol*price | |
| def commSCB(volprice): | |
| "SCB commission is fixed 0.2%" | |
| brokerage=volprice*0.2/100 | |
| clearingfee=0.04/100*volprice | |
| #no SGX trading fee | |
| GST=0.07*(brokerage+clearingfee) | |
| total=brokerage+clearingfee+GST | |
| return total | |
| print "SCB commission $",commSCB(volprice) | |
| def commLT(volprice): | |
| "LimTan online trade commission is 0.28% (up to $50,000) min $25" | |
| commlist=[25,volprice*0.28/100] | |
| brokerage=max(commlist) | |
| clearingfee=0.04/100*volprice | |
| tradingfees= 0.0075/100*volprice | |
| GST=0.07*(brokerage+clearingfee+tradingfees) | |
| total=brokerage+clearingfee+GST | |
| return total | |
| print "LimTan commission $",commLT(volprice) |
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