trading representative

A dealer who specializes in a specific security, such as a bond or stock, is said to make a market in the security. That means the dealer is ready to buy or sell the bond, or at least one round lot of the stock, at its publicly quoted price. Other dealers regularly turn to a market maker when they want to buy or sell that particular security.

Broker as a middleman between dealer and buyer. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.

Remisier is more complicated.
The remisier is responsible for any losses which may be incurred by the stockbroking company arising from any securities transaction dealt through him or her. Each remisier has to post a deposit with the stockbroking company to cover clients’ losses in the event of default; this security deposit is segregated from other assets that are kept by the stockbroking company on behalf of the clients. The stockbroking company is required to take all relevant and reasonable action against clients for the recovery of indebtedness which should be reimbursed to the remisier in the event that the remisier's security deposit has been utilised towards the satisfaction of indebtedness.

Remisiers play an important role on the KLSE and SES, not only in terms of increasing distribution and providing additional liquidity to the market, but also through their role in educating and advising retail investors and the public at large.

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