Reply to Parliamentary Question on the number of dealer's representatives and remisiers in Singapore
QUESTION NO. 355
NOTICE PAPER 509 OF 2017
FOR WRITTEN ANSWER
Date: For Parliament Sitting on 6 February 2017
Name and Constituency of Member of Parliament
Mr Patrick Tay, MP, West Coast GRC
Question:
To ask the Prime Minister for each of the years from 2007 to 2016, what is the number of (i) full-time employed dealer's representatives dealing with securities in Singapore and (ii) remisiers in Singapore.
Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS:
1 The statistics are set out in the table below. MAS does not collect information on whether a representative (rep) is working on a part-time or full-time basis.
Year (as at 31 December) |
SGX Member Firms Dealing in Securities1 |
Non-SGX Member Firms Dealing in Securities |
Total |
||
Number of Employed Reps |
Number of Self-Employed Remisiers |
Number of Employed Reps |
Number of Self-Employed Remisiers |
||
2007 |
989 |
2,661 |
N.A.2 |
||
2008 |
1,067 |
2,754 |
|||
2009 |
1,165 |
2,848 |
|||
2010 |
1,256 |
2,985 |
7,696 |
12 |
11,949 |
2011 |
1,333 |
3,032 |
9,270 |
12 |
13,647 |
2012 |
1,313 |
2,918 |
9,355 |
7 |
13,593 |
2013 |
1,238 |
2,841 |
9,647 |
8 |
13,734 |
2014 |
1,217 |
2,709 |
10,362 |
7 |
14,295 |
2015 |
1,159 |
2,537 |
10,562 |
6 |
14,264 |
2016 |
1,097 |
2,355 |
10,646 |
4 |
14,102 |
***
1 SGX member firms can trade directly on the SGX while non-SGX member firms, which currently include banks and merchant banks, can only trade on the SGX through an SGX member firm.
2 Statistics are not available. Prior to 2010, individuals working for banks and merchant banks conducting dealing in securities were not required to be notified to MAS. The data from 2010 onwards includes such individuals.