Remisers are....??

Hello, 

What are remisiers? Are they sub-brokers and members of stock-exchange.  Please help me out with the following CMA question :

Remisers are

a) Members of stock exchange

b) Speculators

c) Sub-brokrers

d) NOTA

There is confusion between a) and c). In scanner correct answer given is a) but text book defination given is "The sub-brokers employed by a member (sharebroker) to secure business are called remisers.

So, which one is correct??

 

Replies (3)

Hello,

Remisers are Agents of Stock Exchange. Not members.

The correct answer is c. Remisers are Sub-Brokers!

Regards,
Subhash.

 

I dont think that remisers are sub brokers... by defination sub-brokers are quite different that remisers...Plz refer  https://www.bseindia.com/members/remiser.aspx?expandable=1... 

I think remisers are speculators...

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