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24-07-2013, 11:03 AM
Thanks for the clarification, then that makes sense.
That's exactly the model alot of remisiers are surviving on now, they still get a cut of the online trading volume. However, as far as I know, the current split for phone-brokered trades is now 50-50, and online trades are 25-75. So technically, the remisiers are earning less that 1K even on 1mil worth of trades.
It's a tough life out there. I have friends in this line. Those who are surviving are still fairly successful (>5K monthly earnings) but it is not as glamourous anymore, because they are dependent on a handful of old-schoolers who still prefer to call in to place trades.
That's exactly the model alot of remisiers are surviving on now, they still get a cut of the online trading volume. However, as far as I know, the current split for phone-brokered trades is now 50-50, and online trades are 25-75. So technically, the remisiers are earning less that 1K even on 1mil worth of trades.
It's a tough life out there. I have friends in this line. Those who are surviving are still fairly successful (>5K monthly earnings) but it is not as glamourous anymore, because they are dependent on a handful of old-schoolers who still prefer to call in to place trades.