not quite, see below.

thanks, I actually found a more updated list (7 Feb) here

https://www.ssga.com/library-content/produc...eation-2024.pdf

if you look at SPBO (corp bond) 85% of the income is qualified interest, SPHY (junk bond) is 79%.  and the average tenure is 4-5 years for their holdings. the part that is not qualified is for those issuers who are non US companies  issuing corp debt in the US market.

this makes it very attractive fund for me, as the expense ratio is only 5bp, and effective yield after factoring in a tax drag of 30% for the 20-25% of the porfolio that is not QII is about 5.1-7%.
even corporate long term bond (SPLB) fund is 90% QII.
PS: interestingly even BIL is not 100% QII, 99.7% only. maybe that explains the 0.01 that you didnt get back in refund?

80% of this corporate bond fund (SPHY) is non taxable bills? I dont think so

5.72%

I guess majority of that number comes from MYR's depreciation against SGD. You short MYR (borrow MYR), then invest in a 1-year SG T-bill. 1 year later, you sell your T-bill, earn the interest (which is about the same as if you place the deposit in MYR), and you buy back MYR (settle the MYR loan plus interest which is roughly similar to SGD's loan rate), but by now MYR  has depreciated about 5.3x% against SGD. 

https://www.investing.com/currencies/sgd-myr



Will check with Bloomberg later, maybe not today, got dance classes later this evening.

Meaning the tax office of swiss will refund the 20% sekali gus every 3 years?

if you buy <U$6666.66 worth of shares manually, u can let IBKR auto-convert for a fee of 0.03% https://www.reddit.com/r/singaporefi/commen...ibkr_supported/

After parking USD at DBS for nearly 2 years, it's time to reverse the flow of money back to IBKR. USD 2 month yields 4.67% p.a. for DBS but 2-month T-bills still yields 5.14% p.a. (50 basis points spread! ) and given the 30% WHT refund will come next February which is not too far from now, it makes more sense to go back to BIL ETF.

First time doing it in reverse and first time using DBS Remit.

Anyone send USD to IBKR via DBS Remit before? Are there any incoming charges from Citibank for the IBKR side (receiving bank side)?

I know it's free on DBS (sender side) using DBS Remit, but receiver side not so sure. 

WSJ Business | Retail | Heard on the Street

Luxury Brands’ New Snag? Handbag Arbitrage
It is cheaper to buy designer goods in Europe than in China, and resellers profit from the gap. Posh labels find it hard to crack down.

https://www.wsj.com/business/retail/luxury-...share_permalink

Yeah, sure, most popular so called trading bot, hah.
We develop trading related system, algo, arbitrage, backtest, portfolio analysis, order management etc, and place order to IB.
Even want to integrate with Trading view or want to use AI module etc.

Previously we also exploring opportunity to integrate with bursa broker for algo trading, but no luck yet.

I think you mean custody account? https://www.interactivebrokers.com/en/tradi...dy-accounts.php

There are usually used by "institutions prohibited from depositing margin collateral directly with a broker/dealer".

Oh in this case he probably means appoint a 3rd party trustee to monitor the assets. And the choice of broker is between him and the trustee, so IBKR is out of the view.

In that case, he can contact the institution sales team to know more: https://www.interactivebrokers.com/en/accou...nstitutions.php

That said, for trustee service one will usually go for a reputable private bank or privileged commercial bank's wealth management office to look for integrated solutions, rather than having multiple brokers catering to different markets.

So really depends on what gedebe wants.

Anyone tried transferring their shares to ibkr before? I am trying for HK and Sg but felt a bit disappointed when they don't transfer fractional share

not worth it. Minimum RM12 fees unless your monthly trades exceed RM10mil https://www.interactivebrokers.com/en/prici...sia-pacific.php

No screenshots as I'm not at desktop

may I ask...

how to settle the payment? ie ringgit...

ibkr will auto settle by converting all cashflow from ringgit to usd/sgd (as per base currency) for user? how fine will the usdmyr bid-ask spread?

i guess for most of us, it doesn't really matter much since we are malaysians and should have brokerage account here...

would be nice if it is seamless cos then foreign investors can invest here via IBKR.... and help ur bursa be a bit more exciting...

is there any fee impose on transferring?

I search high and low, there is no mention of the minimum that we have to fund our ibkr account

I am gonna work in one of these some days later!

FT High frequency trading

New titans of Wall Street: How trading firms stole a march on big banks
Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard

https://www.ft.com/content/9439108d-4fe3-4f...40-da9412f1ba0b

I still think I am a fundamental guy... Charts and resistances... head and shoulders patterns all seem like aliens to me lol

I make 2-3 USD a day every 3 days or so trading the bid-ask spread of BIL ETF... passive income for a start...

Quantitative researcher/analyst is a more suitable job for me. I heard the pay is 15k SGD - 20k SGD a month for PhD graduates in quant firms like Citadel, Jane Street etc. but I guess the trading desks people bring home more money lah..

You can help check for me the pay for Physics PhD working as quant analyst/researcher in Malaysia banks/funds?

As for your OT question, no I am just starting my 2nd year PhD at NTU Singapore... Will graduate in August 2027. See if I can land an intern at one of the market makers out there. PhDs and Masters' quants are in high demand in Singapore...

What is the difference between algorithmic and quantitative trading?

The primary difference is that algorithmic trading is able to automate trading decisions and executions. While a human can be a quant, computers are much faster and more accurate than even the most dexterous trader. However, the bottom line is that the two are not mutually exclusive. Algorithm trading is normally quantitate trading being done by automated computer algorithms.