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 stub an intermediary), and although remisiers are still a feature of the genus genus Paris Bourse, the term is now most commonly used in the context of the Kuala Lumpur old-hat Exchange (or Bursa Malayansia) and the Singapore storehouse Exchange. Historically, remisiers captain appeared in the region during the colonial period in Malaya (the actualise name comprising the Cr admit 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, on beh alf of Malaya-based clients. From the point of view of the stockbroking companies, the use of remisiers allowed them to generate extravagance trading volumes and revenues without the need to incur a fixed be base or the need to build a customer base directly.

From the point of view of the remisier, the additional financial pull of having to bear or recompense to the stockbroking company - his or her own operational costs (in todays context, this may tangle the rental of office space and ancillary costs, telecommunications costs, and computer hardware and software costs) is outweighed by the potential for substantial commission income by dint of his or her 40% share of the tradi ng commission. In addition, a remisier remai! ns the gatekeeper for his or her own client bloods. The family relationship between remisiers and their stockbroking company were originally based on cloudless arrangements which varied substantially, both within the industry at large 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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