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Testing time for TRs but there's still hope

It's yesterday once more for the profession in some ways, but the job is still appealing enough to attract new blood

Wall Street's Tuesday rise helped calm some nerves and prompted a bout of short covering that pushed the Straits Times Index (STI) higher for most of Wednesday. A weak opening for Europe, however, cut the index's gain to just 0.57 point at 2,546.18. Its intraday peak was 2,584.

"IT'S CERTAINLY worrying times for stockbrokers. Trading volume has been declining and commissions have been cut drastically. One dealer with 15 years in the business says a broking licence today 'isn't worth the paper it's printed on' . . . many in the industry seem to accept the view that...