SAI Broker received functioning authorization from securities commission CNVM on Tuesday.
The firm has a share capital of 0.9 million lei (EUR0.2 million) and SSIF Broker owns 99.98% of the shares.
SSIF Broker is the first brokerage firm in Romania listed on the Bucharest stock market. On Thursday, SSIF Broker traded down 1.27%, at RON0.1239 a share.
Last year, SSIF Broker was ranked 10th among Bucharest bourse brokers with total transactions of RON655.7 million and a market share of 3.33%. (EUR1=RON4.3828)