Bumps ahead for new broking scheme

IT is encouraging to hear that the Singapore Exchange (SGX) Academy, NTUC's Employment and Employability Institute (e2i) and three local broking houses are launching a new scheme to attract and train professionals who are interested in becoming stockbroking trading representatives (TRs).

A scheme such as this which aims to attract fresh blood into the industry should be welcomed, especially since it is targeted at older, mid-career-change individuals who are likely have the maturity to handle the demands of being a TR.

Moreover, the job does have undoubted appeal - in advertising the venture, SGX's spokesman said a career as a TR has many attractions as it "offers Singaporeans the opportunity to be an entrepreneur, a financial professional and a front-liner in the exciting world of markets and investments".