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Anyone trading from Singapore?
- Thread starter Remiraz
- Start date
Quote from frank01st:
If it is for a very short stay, I highly recommend St. Regis Singapore.
Ok I must admit I'm not familiar with this particular residence but the area is indeed very nice, very central and very convenient if you want to go... pretty much anywhere on the island.
By the way I'm not prop trading and only use internet at home for email etc... as in standard home usage, but I - personally - find that the quality of internet connections in SG is not as good as HK. Now I'm sure that those of you prop traders will have better setup obviously, but just on average, I think HK offers better services and quality.
Not to mention that the cost of living now in SG is in my opinion not as attractive as it used to be.
In the early 2000s a number of banks relocated some of their activities from HK to SG, and now you can observe just the opposit.
SG is a fantastic place to live in on average I think.
Quote from MohdSalleh:
how to scalp from SINGAPORE? even with the best connection, your latency to NYC must be like.....hmmm 250-300ms?
LOL,why would you even consider /want to scalp NYC from Asia ? If masochism is your thingy, i would suggest some island in Philippines as your trading location.
I've seen his past posts over the years, he's been insisting (on several occasions) that the ping and latency is too slow in Singapore to scalp NASDAQ, which I find most ignorant as we have been trading with no issues over the years. If he is not here in Singapore, how can he make that conclusion.Quote from Hombre:
LOL,why would you even consider /want to scalp NYC from Asia ? If masochism is your thingy, i would suggest some island in Philippines as your trading location.
Quote from bstay:
I've seen his past posts over the years, he's been insisting (on several occasions) that the ping and latency is too slow in Singapore to scalp NASDAQ, which I find most ignorant as we have been trading with no issues over the years. If he is not here in Singapore, how can he make that conclusion.
Because in theory it does make sense - 200 ms to get the data and then 200 ms to send the trade and that's being optimistic. How can you beat GS who has servers collocated in the same building as the exchange at HFT?
If your strategy is to try and beat GS with HFT, then good luck. You sure know how to pick a winning game.Quote from nobodyimportant:
Because in theory it does make sense - 200 ms to get the data and then 200 ms to send the trade and that's being optimistic. How can you beat GS who has servers collocated in the same building as the exchange at HFT?
Quote from bstay:
I've seen his past posts over the years, he's been insisting (on several occasions) that the ping and latency is too slow in Singapore to scalp NASDAQ, which I find most ignorant as we have been trading with no issues over the years. If he is not here in Singapore, how can he make that conclusion.
How can he make that conclusion ? Because he is a extremely ignorant individual who just doesn't have a clue but likes to listen to himself .
Dont you ask for a International Wire (TT remittance) from your US broker when you want to with draw or close a/c?Quote from bstay:
When you withdraw money from your US broker, what is the cheapest way to convert the USD cheque into Singapore dollars? Local banks charge a fee to clear the "foreign" cheque. What do you do in your case if you have SGD bank accounts with DBS/POSB?
Even in TT ,Singapore banks include commssion in the TT exchange rate. (expensive compared to reciving US$ funds in HSBC ,Hong kong)
In HK (apart from the US clearing bank commision US$10-20 ,only Hk$ 50 charge)
if you deposit US$ cheque in US$ current/savings a/c, singapore banks will hit you with commission. No way to escape it.
But I made money once in 2007 by mistake.
My us $ a/c in UOB singapore had nil balance and was closed. So when the TT six figure TT from US broker arrived (trading break) ,it converted to S$ and deposited in to my s$ a/c.
S$ appreciated 500 mpips in one week .I made like close to 7K!
If I request for TT international wire transfer, is it cheaper to receive into my UOB Singapore dollar account, or UOB U.S. dollar account? In any case I eventually want to convert to Singapore dollars to pay bills here locally. I currently bank with DBS/POST so not sure if UOB or StandChart or CitiBank will charge less on commissions.Quote from keviniyengar:
Dont you ask for a International Wire (TT remittance) from your US broker when you want to with draw or close a/c?
Even in TT ,Singapore banks include commssion in the TT exchange rate. (expensive compared to reciving US$ funds in HSBC ,Hong kong)
In HK (apart from the US clearing bank commision US$10-20 ,only Hk$ 50 charge)
if you deposit US$ cheque in US$ current/savings a/c, singapore banks will hit you with commission. No way to escape it.
But I made money once in 2007 by mistake.
My us $ a/c in UOB singapore had nil balance and was closed. So when the TT six figure TT from US broker arrived (trading break) ,it converted to S$ and deposited in to my s$ a/c.
S$ appreciated 500 mpips in one week .I made like close to 7K!