“(…)Brokers must be brokers and provide the best action on client orders. This domestic situation where brokers provide advice was due to the very low expertise of clients until now. I believe it is a question of time until these traditional brokerage activities disappear and trading moves online,” Grigore Chis says.
The SSIF Broker boss says that making traditional brokerage activities profitable is no longer a question of boosting traded volume on the bourse and the firm will try to adapt to current market conditions.
Once brokerage operations have been reduced, SSIF Broker will focus on market-making and asset management operations in the following period. Chis says that the company will be truly restructured after it has implemented a professional activity management software that it has acquired recently and cost EUR250,000.
“(…) I believe that by early October, the software will be implemented. It’s the kind of software used by Western brokerages, which allows for efficient risk management,” Chis says.