Lim & Tan Securities General Information
Lim & Tan Securities was established in 1973. Its main activity is stock broking and the main focus of the company is the retail market. Believing in providing cutting-edge technology to its clients, Lim & Tan Securities was amongst the first to introduce Internet Share Trading in Singapore in October 1998.
In line with its belief in providing a fast and convenient way for clients to trade shares Online, multiple channels are provided for clients to access its easy-to-navigate Online trading platform to check prices and trade. This includes the Mobile trading channel using mobile phones, where clients can view streaming live prices, which was added in June 2008. Subsequently in 2011 and early 2012, it introduced iPhone, Android and iPad Apps for more convenient on-the-go trading under its Online trading brand name, limtan.com.sg.
Currently, Lim & Tan Securities offers a unique web chart where clients can view up to 10 years of data, set and receive real time alerts and signals. It also allows clients to select counters to compare using Performance Chart and to insert trade comments for subsequent reference.
Direct market access
The client's buy and/or sell order goes through LTS's CFD platform and the client gets access to the market directly in which the price paid is determined by the market of the underlying shares. LTS CFD is an Over-the-Counter ["OTC"] product. LTS shall act as principal to the client for CFD transactions. LTS does not engage external counter party to provide CFD trading to clients.
Transactions in other jurisdictions
Transactions in markets of other jurisdictions whether or not linked to the Singapore market may expose the Client to additional risk. These markets in other jurisdictions may be subject to rules and regulations which have different or diminished investor protection. LTS undertakes no responsibility and/or liability as to the Client's awareness and/or understanding or otherwise of these rules and regulations. The Client is assumed to be aware and to understand these rules and regulations of the foreign jurisdictions. Notwithstanding existence of these rules and regulations, neither LTS nor the Singapore regulatory authorities can compel the enforcement and/or adherence to the same.
Leveraged transactions
The high degree of leverage that is often obtainable in margin trading can work against the Client as well as for the Client due to fluctuating market conditions. The Client may sustain large losses as well as gains in response to a small market movement. While the amount of the initial margin required to enter into a transaction may be small relative to the value of the transaction, a relatively small market movement would have a proportionately larger impact.
Hence, in the event of unfavourable movements, the risk of loss can be significant. The Client may sustain losses in excess of the Client's cash and any other assets deposited as collateral with LTS. The Client will be liable without limit for all losses, including but not limited to interest charges.
