The number of remisiers in Singapore has gone south according to a report which I read today. The new set of rules and regulations introduced by SGX governing brokerage firms caused more and more remisiers to switch jobs, according to the report. In particular, the reduction in the “settlement period” of trades means that speculation activities within the stocks markets may have been contained. Fuelling the southward direction of trading volumes was the fact that there might be a potential measure for traders to put up as collaterals some percentages of their trading amounts for their trades. In the past, when I learnt that someone was a remisier, I would go “wow, this guy must be earning millions of dollars a year”. But as more people take to learning investments and doing trades online, the role of remisiers was somewhat inevitably replaced by online platforms. I am not sure how ......