Tough times for brokers as trades slow, commissions fall
Published on Jun 23, 2014 7:44 AM
SINGAPORE remisier Jimmy Ho remembers the good old days of stock trading when the action came thick and fast and the cash was free-flowing.
"It was very good. You'd answer the phone with your left ear until it became heated and you would have to change to your right ear," said Mr Ho, as he reminisced about the early days of his 20-year career.
"For some remisiers, they could do $100,000 a month in commissions during a bull run."
These days, remisiers like Mr Ho, who is also the president of the Society of Remisiers (Singapore), have a quieter existence, tapping away at the keyboard while monitoring the stock market on multiple screens.
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