A Visit to Interactive Brokers in Singapore - Office Found

Reason for this visit

As the product of a merger of the former Singapore Stock Exchange and the Singapore International Monetary Exchange (SIMEX), Singapore Exchange (SGX) is the only stock exchange in Singapore, and also the first stock exchange enabling electronic trading in Asia. In terms of market regulation, the Monetary Authority of Singapore (MAS) is the primary regulator responsible for formulating and enforcing stock market policies and rules. In recent years, driven by financial technology, with service fees declining, it has become extremely convenient to invest in stocks in Singapore, appealing to a large number of retail investors into the market. As a result, an increasing number of international brokers start to focus on the country. Overall, Singapore is a globally important financial center, and the local stock market is growing steadily in size and regulation, with sufficient liquidity and enhanced market confidence. In an attempt to help investors to get a more comprehensive understanding of the brokers in Singapore, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Singapore to visit broker Interactive Brokers as planned according to its regulatory address that #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960.

The investigators arrived at 8 Marina View in Singapore for a visit to the brokers office on December 10, 2023, and located Asia Square Tower 1, a 43-storey integrated building fronting Marina Bay of Singapore, with retail and F&B in 1st and 2nd floor.

Upon arrival at the building for further investigation, the survey personnel spotted security guards and a directory in the lobby, which displayed that “Interactive Brokers” was situated in unit 40-02A on the 40th floor. However, according to the security staff, taking photos was prohibited in the foyer.

After reaching the 40th floor via the lift, the inspection team discovered from the floor directory that Interactive Brokers was located in suite 40-02A.

The company name and logo of “Interactive Brokers” was displayed on the glass door of office 40-02A with an access control system at the entrance.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Singapore to visit broker Interactive Brokers as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.