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Old 08-01-2015, 11:36 AM   #2834
Join Date: Aug 2008
Posts: 5,052
Will this affect their brokerage account here?
Operations to be shut include cash equities, equity capital
markets and equity research, said the people, who asked not to
be identified discussing a private matter.

they do until so cheap, no min comm, no custodian fees etc...
cheap but don't make $$ also not realistic ba

like imagine people buy 100 shares of a $1.00 stock... $100 the commission 20 cents nia.. how to survive? Brokerage house the back office a lot of cost one... compliance, operations, nominees, customer service, IT... etc

discount brokering only works unless u have a very big market share in countries such as US (example E-Trade to be a successful discounter, most important is economies of scale.. probably in revenues of hundreds of millions.. or like E-Trade over the billion dollar mark, if every year do billions of trade, each make few cents or dollars still can be very profitable. Like for E-Trade total rev is 1.7bil but net profits 80mil nia, stand chart probably was bleeding $$ just to capture market share, rest in peace man

heng I using local brokerage house nia, so not affected

those having all your assets in SCB please be careful


Last edited by felixleong; 08-01-2015 at 11:42 AM..
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