Standard Chartered Malaysia head of affluent and wealth management Nicholas Soon (left) and managing director and head of consumer, private and business banking Sammeer (right).
KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform, bringing clients the convenience of trading on 12 exchanges across seven global markets from Malaysia via one account.
In a statement, the bank said through SmartStocks, clients will be able to access Bursa Malaysia, Singapore Exchange, the Hong Kong Stock Exchange, the New York Stock Exchange, NASDAQ, US OTC, BATS Global Markets, the Australian Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Exchange – all at a single brokerage rate, which can be as low as zero percent for its Priority Private clients.
“Malaysian retail investors are still facing challenges to gain access to global markets, with high transaction fees remaining a huge concern.
“With SmartStocks, we are breaking down these barriers by making it more convenient and affordable for our clients to diversify into stocks across multiple markets onshore.
"The launch of SmartStocks will strengthen the bank’s wealth management proposition, right in line with our focus on capturing the affluent segment and further digitising banking services for our personal banking customers,” Sammeer, managing director and head of consumer, private and business banking said.
