Actually, it does matter. I can't vote my way.
By the way Sinkie, since you are working in a brokerage, is the SCB online trading now considered a threat to traditional brokerages? Don't have to answer if this is too sensitive.
Not really, from what I heard from people from the higher management, there was little or no impact. There was initial concern on the emergence of scb no min commission structure, they had a meeting with all brokerages and decided to sort of do a "wait-and-see" approach and believe servicing is the only way to mitigate the impact.
And after a year, there was no or little impact at all. If there is enough servicing done to clients, clients are satisfied and they will not mind the minimum commission structure especially they dont have time to monitor and usually their purchase will somehow exceed the minimum comm and also rich and bigger clients wants very good and dedicated servicing and don't even mind paying for offline orders.
There was once i was covering for a colleagues who was off for reservist, he called in to ask for ihh placement, I told him his broker was away for reservist and i couldnt do his placement for him and told him to go ATM, he was furious and told me what is ATM, he don't have an ATM card and do I expect him to queue to bid for ihh? He was willing to pay 2% commission but I couldn't do anything so he hanged up. Haha.
Then I talked to a few brokers in the same industry, they were glad that scb came about and "reduce" their workload for those who contributed small commission and still ask for lower commission and now they have more time for their bigger clients.
I guess once temesak sold their 17.8% of scb to other foreign investor, then it will be a "national" concern ba..
Anyway these are not my views so disclaimer applies as always..