SSIF Broker launches international trading platform

Cluj-based brokerage SSIF Broker has recently launched the sole multi-market and multi-asset platform in Romania, making financial products from the main international stock exchanges available to local investors.

Grigore Chis, general director of SSIF Broker, said the platform allows Romanians to invest in over 2.5 million financial instruments listed in over 100 capital markets over more than 19 countries.

“Romanian retail investors prefer margin investments in different financial products they can’t access locally: structural products, corporate and sovereign bonds, as well as futures contracts, with stocks as a supporting asset, stock exchange indexes or commodities. The possibility to trade into margin attracts them,” Chis told BR.

“On international markets, there is the possibility of leveraged trading, where you can buy shares or any products with more money than you have, the difference being covered by your own brokerage,” added Chis. He said that trading on international capital markets can be made on leverage up to 100, with the gains or losses being multiplied.

This year the brokerage, which is listed on the Bucharest Stock Exchange (BSE), plans to complete an investment in its Tradis software, which is intended to provide financial investment services from developed markets on the domestic market, at the same quality/price ratio and complexity level. It will also invest in the professional training of its employees, at all levels.

In the first half of the second semester, SSIF Broker plans to introduce for the first time in Romania market margin trading for shares listed on the Bucharest Stock Exchange, with leverage of up to four. For sophisticated products, such as futures contracts, CFDs and options, the leverage may go up to 20, further increasing in the future.

Chis says the company aims to increase its market share from 3.5 percent in 2012 to over 9 percent this year. It has set up a special financial investment division for institutional clients.

SSIF Broker registered a profit after provisioning of RON 500,000 (EUR 110,000) last year, sustained by short-term stock speculation, as well as market-making and the issuance of structural products.