my humanities class
Saturday, April 21, 2012
Many prefer brokers to online trading: Study
ONLINE share trading may be gaining in popularity here but many retail investors still prefer to trade via their brokers despite the higher commissions they have to pay.
That is a key finding from new research showing that about 310,000 investors here traded shares through a remisier last year - about 10 per cent more than the 280,000 who traded online.
The research was done by Australia- based research house Investment Trends.
'While some remisier clients are migrating towards trading online, the size of the remisier market is still larger than the online broking market in Singapore,' the firm said in a statement yesterday.
By Jonathan Kwok
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