SRS 37th Anniversary AGM & Dinner
Had a warm handshake with Mr Michael Syn, Senior Managing Director/Head of Equities of Singapore Exchange today, 13th January 2023.
We hope to build on our continued good relationship between SGX & SRS and strengthen the vibrancy of our Capital Markets.
It was also an opportune time to usher-in the Year of the Prosperous Water Rabbit.
The word ‘Remisier’ is not found in any English dictionary. It is a French word meaning ‘intermediate man’. In the context of the Paris Bourse, a remisier is a half-commission broker. In the present Singapore context, a remisier is a licensed Trading Representative who is attached to a SGX member broking firm and who receives 40% of the commission. Until mid seventies, the commission rate was 50%.
The first remisiers started work after the 2nd World War with early firms such as Fraser & Co, Lyall & Evatt and J. M. Sassoon.
They dealt mainly in commodity stocks (mainly rubber and tin) which were listed on the London Stock Exchange for investors in Singapore and Malaya.
- A Misunderstood Profession
The Business Times 28 February 2019
Letter to The Editor : Remisiers have multiple value-added roles before, after share transactions.
The green colour and the expression "Singapore Remisier's" signify the "evergreen" role that emphasizes the indispensable feature of this distinctive group of securities brokers in Singapore. The darkened shade of the three alphabets in the logo brings forth the abbreviation "SRS" that epitomizes a superlative gathering of professionals. The three tiny squares at bottom left hand corner denote the corner-stone characteristics of the Society that are Stability, Resilience and Integrity and the elongated rectangle on the bottom right, indicates the Society's perpetual strive for excellence "since 1986".
