Remisiers reinvent themselves in Singapore’s equity push

[SINGAPORE] As the Republic ramps up efforts to revitalise its equities market, one group – remisiers – has often been criticised for refusing to move with the times.

However, the remisier community is stepping up with the profession undergoing a period of transformation and potential rebranding.

The Society of Remisiers (Singapore), or SRS, has held early-stage discussions with the Monetary Authority of Singapore (MAS), Singapore Exchange (SGX), and the Securities Association of Singapore on evolving the remisier’s business model from a purely transactional one to a discretionary managed trading services mode.