Remisier

remisier (also kn deliver as a Commissioned Dealers Representative) is an agent of a stockbroking company and receives a commission for each transaction handled (as compared with a paid dealers representative, who is a direct employee of a stockbroking company and whose remuneration structure is based on a fixed monthly salary). Although the origin of the word is French (remisier nub an intermediary), and although remisiers are still a feature of the genus capital of France Bourse, the term is now most commonly used in the context of the Kuala Lumpur old-hat Exchange (or Bursa Malayansia) and the Singapore blood line Exchange. Historically, remisiers current appeared in the region during the colonial period in Malaya (the personify name comprising the Cr take Colonies of Malacca, Penang and Singapore; the Federated Malay States; and the Unfederated Malay States), where they dealt primarily in rubber and tin-related companies that were listed on the London Stock Exchange, o n behalf of Malaya-based clients. From the point of view of the stockbroking companies, the use of remisiers allowed them to generate pleonastic trading volumes and revenues without the need to incur a fixed be base or the need to build a inspissation base directly.

From the point of view of the remisier, the additional financial load of having to bear or recompense to the stockbroking company - his or her own operational costs (in todays context, this may span the rental of office space and ancillary costs, telecommunications costs, and computer ironware and software costs) is outweighed by the potential for substantial commission income by dint of his or her 40% share of the trading commission. In addition, a remisier ! remains the gatekeeper for his or her own client bloods. The relationship between remisiers and their stockbroking company were originally based on faint arrangements which varied substantially, both within the industry at bang-up and also within each firm. As the Malaysian and Singaporean stock...If you want to get a full essay, order it on our website: OrderEssay.net

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