Trade amalgamation allows you to combine your orders to help you save on processing fees and reduce the average traded price done for the trading day and is automatically performed on FSMOne for each buy or sell order if all following conditions are fulfilled:
- Trades must be of the same Stock or ETFs name/symbol, with the same settlement currency.
- Trades must be on the same side (e.g. Buy trades can only be amalgamated with another Buy trade).
- Trades must be filled on the same trading day.
Please note that trade amalgamation is only done at the end of the day so for each trade confirmation received during the day, the total consideration will not reflect the discounted processing fee. The excess processing fee that was earmarked during the trading day will be refunded into your cash account at the end of the day.
There is NO trade amalgamation for US and London exchanges.