Stock of the highest quality - US brings you the choice

The US stock market is the largest capital market in the world. Leading enterprises with the highest market value and trade volume like Intel, Microsoft and Coca-Cola, choose to list on the American stock market. With a standard cash custodian account, you may trade blue-chip shares and stocks of many other leading technology companies in the US market. Phillip Securities, with the newly launched on-line US stock trading service, provides you an opportunity to enlarge your investment horizon in the world biggest stock market.

With the rapid development in technology, real time live quote is available for free via POEMS. Latest financial news are delivered globally with the help of computer software and satellite. This up-to-date market information places you at the most favourable position for investment.

The New York Stock Exchange and the Nasdaq Stock Market are two of the most popular and well known stock markets in US. Our straight-through-processed on-line US stock trading platform helps you participate efficiently and conveniently in these two markets.

The New York Stock Exchange

The New York Stock Exchange (NYSE) is the largest US exchange with the highest reputation. With more than 3600 securities listed for trading, it has a history of more than 200 years. Among those 3000 listed enterprises, 450 come from 50 different nations with a market value of more than 500 billion. US market is a good place to raise capital.

NYSE is a pilot for the rest of the world's stock markets; companies trading on NYSE tend to be large, well-established corporations. There are 3000 big enterprises with a market value of 17 thousand billion listed for trading. The market value of General Electric, Exxon Mobile, CitiGroup and Wal-Mart reached more than 10 millions, always occupy the top ten.

The NASDAQ Stock Exchange

The Nasdaq Stock Market is the second-largest stock market born in 1971 in the United States based on dollar volume, with more than 4100 companies listed for trading, most of them are companies of IT or electronic communication. Among the top five companies with the highest market value in US, Nasdaq comprises Intel, Microsoft and Cisco.

Nasdaq comprises a computerized communication network that provides bid and ask prices on more than 5000 securities. Development of information technology also helps flourish the market. As a newly launched electronic trading system, it is not very active at the beginning. The higher the status of Nasdaq became when people began to pay more attention on Technology shares since 90s. The trade volume of specific trading day of Nasdaq has even exceeded NYSE once in a while.

US Stock Market Indices-Dow, Nasdaq and S&P 500

As the largest stock market in the world, US have a large number of stock indices which are calculated in several ways for analyzing the stock market. The most common one are Dow Jones Industrial Average, the Nasdaq Composite and Standard & Poor's 500. It is known as the most reliable and widely acceptable indices.

Dow Jones Industrial Average (DJIA)

The Dow Jones Industrial Average or DJIA is a price-weighted, the oldest and certainly the most popular stock-market indicator series. It is a price-weighted average of the 30 large, well-known industrial stocks that are generally the substantial companies (blue chips) and are listed on the NYSE. The constituent stocks are widely held by investors and well known for the quality and wide acceptance of their products and services, with strong histories of sustained growth.

Not only an indicator of the US market but also a pilot for the rest of the world's markets, movements in the DJIA actually affect international markets. The index is extremely relevant to the day-to-day movements of Asian stock market indices and its performance often triggers responses in Asian markets. It is widely published and broadcast throughout Asia.

The NASDAQ Composite

The NASDAQ Index is a market weighted index of over 3700 stocks that are trade over-the-counter. Smaller capitalization companies dominate this index and has a market value that is only around 13% of the NYSE listed companies.

Standard & Poor's 500

Standard & Poor's Corporation produce a number of capitalization-weighted indices for major US stocks (listed on various stock markets). The most widely-reported of these is a 500-stock composite index, known as the S&P 500 or S&P Composite. Since the S&P 500 is market cap weighted, larger weight stocks have a greater effect on the value of the index, whereas higher priced stocks have a greater effect on the level of DJIA. The S&P has become the main gauge for measuring the investment performance of institutional investment in the United States because of its broad industry coverage and the method of weighting used to create the index. Many institutional investors have created investment funds that are composed in the same manner as the S&P 500, called index funds. Institutional investors also use S&P 500 futures contracts (traded on Chicago Mercantile Exchange) to hedge their portfolio.

Benefits in trading US stock

	One stop online trading and price quote platform-In order to facilitate our clients with first-hand investment opportunities, the most up-to-date US stock quote is available for free by using POEMS.
	Margin financing service - We provide a maximum of 50% of the selected blue chips such as Microsoft, GM, Intel. Margin trading increases your buying power, allowing you to purchase a greater amount of securities with your investing dollar.
	Stop-loss and limit order-you may set a stop loss or ask price to eliminate the risk caused by time gap.

Advanced online US stock trading platform with stock quotes

Real-time Live Quote of US stocks listed in the NYSE and NASDAQ market are available for free in Phillip. With a combined real time live quote and trading platform, you may grasp every golden opportunity to growth your wealth.

How to trade US stock in Phillip?

For new clients: *

You may visit one of our investor's centers, sign an account opening form and a W8 Ben Form, together with a proof of residential address (issued within at least three months) and a copy of Hong Kong Identity Card or passport. Click here for more information or call 2277 6677 for details.

For existing clients with Phillip securities account: *

Just sign a W8 Ben form. You may call at 2277 6555. The form will be sent to your correspondence address by request.

* Client's nationality should not be US citizens.

What is W8 Ben form?

W8 Ben form is a Certificate of Foreign Status of US. With W8 Ben form, you will be exempted from US Capital Gains Tax. Each account holder should sign a W8 Ben form.

About Trading

Trading hours for the US Markets

HK Time:

9:30p.m. to 4:00a.m. (Summer time)

10:30p.m. to 5:00a.m. (Winter time)

Commission & Charges

Commission Rate: 0.4% (Minimum Commission at USD$30.00) includes all the brokerage, transaction, levy and stamp duty.

Cash Deposit

Before placing an order, sufficient cash balance should be deposited into our company bank account(s). No minimum deposit is required.

You may choose to deposit the funds into the designated USD or HKD bank account.

Settlement Day

All shares purchased will be due on the third business day after the transaction day ( T+3 ).

Currency Exchange

We accept both HKD and USD deposit. HKD deposit will be converted into USD according to the exchange rate on that day.

Order Placing

Apart from online trading, you can place your US stock trading orders by calling our US night-desk dealing hotline at 2277 6677.

For enquiries, please feel free to contact us at 2277 6677 or by e-mail.

To browse the answers for Frequently Asked Questions, please click here.