No more contra

It only helps the remisiers to limit their credit risk. contra will continue to happen, just now got 5% collateral only.

Investors who can't put up 5% collateral are probably not welcomed by the brokers anyway.

(07-02-2014, 08:53 PM)funman168 Wrote: Another nail in the coffin for remisiers!

Long run protects them from harming themselves. Some can take short cut and take orders from big clients through their own account during Bull, and now bear significant liability when penny market comes down. I find this silly greed.

Personally, most trading tasks should by DIY. Monitoring and helping clients should be just administration services pay. I would prefer houses to focus on providing better administration services like servicing clients with very strong accountability as though is their own money, taking urgent service calls in 20 secs, really good charting and portfolio tools, linkages to reports and usability of their sites.

Specific tasks that needs help is to be allocated to premium customer and again by houses premium team not outsiders.

Days of Remisier should be over and they need to move themselves to roles like fund manager etc if they are really that good.

(08-02-2014, 11:02 AM)funman168 Wrote: Trading vol is expected to drop 30% , meaning less revenue for remisiers.
I reckon that sg mkt is a goner for trading.
Time to exit all my speculative positions n look to usa & hk for trading purpose.

ya this may be a step back for sgx..whichcan now be called the long term investors' or value investors' exchange market?

(08-02-2014, 11:16 AM)corydorus Wrote: Long run protects them from harming themselves. Some can take short cut and take orders from big clients through their own account during Bull, and now bear significant liability when penny market comes down. I find this silly greed.

Personally, most trading tasks should by DIY. Monitoring and helping clients should be just administration services pay. I would prefer houses to focus on providing better administration services like servicing clients with very strong accountability as though is their own money, taking urgent service calls in 20 secs, really good charting and portfolio tools, linkages to reports and usability of their sites.

Specific tasks that needs help is to be allocated to premium customer and again by houses premium team not outsiders.

Days of Remisier should be over and they need to move themselves to roles like fund manager etc if they are really that good.

I share the view. I do think my broker has been overpaid, who practically done nothing for me.

(08-02-2014, 04:02 PM)CityFarmer Wrote:

(08-02-2014, 11:16 AM)corydorus Wrote: Long run protects them from harming themselves. Some can take short cut and take orders from big clients through their own account during Bull, and now bear significant liability when penny market comes down. I find this silly greed.

Personally, most trading tasks should by DIY. Monitoring and helping clients should be just administration services pay. I would prefer houses to focus on providing better administration services like servicing clients with very strong accountability as though is their own money, taking urgent service calls in 20 secs, really good charting and portfolio tools, linkages to reports and usability of their sites.

Specific tasks that needs help is to be allocated to premium customer and again by houses premium team not outsiders.

Days of Remisier should be over and they need to move themselves to roles like fund manager etc if they are really that good.

I share the view. I do think my broker has been overpaid, who practically done nothing for me.

i share that view some 15-20 years ago. So when i have a chance to DIY, i grab it first through telephone broking; because i was still working then. Actually the worst part was since i was/am a "long-term" investor, my broker always gave me the last priority of in line of service. Especially in a Bull or Bear market.

(08-02-2014, 05:19 PM)Temperament Wrote:

(08-02-2014, 04:02 PM)CityFarmer Wrote:

(08-02-2014, 11:16 AM)corydorus Wrote: Long run protects them from harming themselves. Some can take short cut and take orders from big clients through their own account during Bull, and now bear significant liability when penny market comes down. I find this silly greed.

Personally, most trading tasks should by DIY. Monitoring and helping clients should be just administration services pay. I would prefer houses to focus on providing better administration services like servicing clients with very strong accountability as though is their own money, taking urgent service calls in 20 secs, really good charting and portfolio tools, linkages to reports and usability of their sites.

Specific tasks that needs help is to be allocated to premium customer and again by houses premium team not outsiders.

Days of Remisier should be over and they need to move themselves to roles like fund manager etc if they are really that good.

I share the view. I do think my broker has been overpaid, who practically done nothing for me.

i share that view some 15-20 years ago. So when i have a chance to DIY, i grab it first through telephone broking; because i was still working then. Actually the worst part was since i was/am a "long-term" investor, my broker always gave me the last priority of in line of service. Especially in a Bull or Bear market.

Uncle Temperament can do online, instead of phone-in now. The fee is also lower

(08-02-2014, 05:31 PM)CityFarmer Wrote:

(08-02-2014, 05:19 PM)Temperament Wrote:

(08-02-2014, 04:02 PM)CityFarmer Wrote:

(08-02-2014, 11:16 AM)corydorus Wrote: Long run protects them from harming themselves. Some can take short cut and take orders from big clients through their own account during Bull, and now bear significant liability when penny market comes down. I find this silly greed.

Personally, most trading tasks should by DIY. Monitoring and helping clients should be just administration services pay. I would prefer houses to focus on providing better administration services like servicing clients with very strong accountability as though is their own money, taking urgent service calls in 20 secs, really good charting and portfolio tools, linkages to reports and usability of their sites.

Specific tasks that needs help is to be allocated to premium customer and again by houses premium team not outsiders.

Days of Remisier should be over and they need to move themselves to roles like fund manager etc if they are really that good.

I share the view. I do think my broker has been overpaid, who practically done nothing for me.

i share that view some 15-20 years ago. So when i have a chance to DIY, i grab it first through telephone broking; because i was still working then. Actually the worst part was since i was/am a "long-term" investor, my broker always gave me the last priority of in line of service. Especially in a Bull or Bear market.

Uncle Temperament can do online, instead of phone-in now. The fee is also lower

Sorry, i give you the wrong impression. i actually do internet trading and banking as soon as i "retired' when i was 53. Now i am going to 66 soon.
Thanks, anyway.

(08-02-2014, 10:45 AM)valueinvestor Wrote:

(08-02-2014, 10:39 AM)felixleong Wrote:

(08-02-2014, 10:37 AM)valueinvestor Wrote: If this was proposed by MAS and SGX, believe it is more or less a " done deal ".

"The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have proposed..."

can't you read?

What's wrong ?

i think felix thought you didn't notice the line that mentioned MAS and SGX have proposed. (coz the way you structured your sentence is abit ambivalent, it could be interpreted as a genuine "if" or a rhectorical "if").

cheers mate.

You could use Standard Chartered for online trading if you need a no frills broker. Only problem is the shares are deposited with Standard Chartered, not CDP. Credit risk is higher in that sense.