Brokerages in Southeast Asia are preparing for tough times ahead. Liberalization of fees and technology are radically changing the landscape for financial firms in the new millennium. In Thailand, the number of broking houses has fallen by almost half over the past three years as the Asian financial crisis took its toll. The survivors are now facing pressure from eroding margins under a new commission structure now being introduced.
In Malaysia, the government is mapping out a so-called master plan to further consolidate the industry and brokerages fear possible cuts in fees in line with the trend in other Southeast Asian countries – although no official plans have been announced.
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