Remisiers struggling to reinvent themselves

Many going into business for themselves, forced by thinner commission rates, increase in direct trading.

Mr Chua is one of many remisiers who have begun to go into business for themselves, as commission rates continue to be sliced thin and clients become increasingly irrational.


Despite the incredibly complex tasks that remisiers have to instinctively juggle, Mr Fong reckons they are still seen as toll collectors, something that he has been saying since 2004. 'It has been very misunderstood for many years. I've been told by higher authorities that we are just toll collectors. We were quite offended,' he says.


'Clients. Always buy, buy, buy. They don't know how to sell. Some of them can also be quite nasty,' says a remisier with more than a decade of experience.


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CreateWealth8888:

Your friendly broker may be your counterparty.

Your broker laughs at some of you because you don't know how to sell.

Your broker thinks that some of you are nasty.