Parliamentary Replies
 Published Date: 07 February 2017

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.