Friday, Dec 26, 2014Friday, Dec 26, 2014

Business

 

Tough times for brokers as trades slow, commissions fall

Published on Jun 23, 2014 7:44 AM
 
Mr Jimmy Ho, president of the Society of Remisiers (Singapore), thinks the future is bleak, with fewer young remisiers joining the industry. The cash has also dried up. -- ST PHOTO: LAU FOOK KONG

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.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos