SIS Company

SIS Company: Comprehensive Overview

1. Company Overview

Founding Date and Background

SIS Company, formally known as Sofia International Securities (SIS), was established on July 12, 1994, as a brokerage firm in Bulgaria. It has since evolved into a multifaceted financial institution, offering various financial services, including investment brokerage, insurance, and microfinance.

Parent Company/Ownership Structure

SIS operates as part of the SIS Financial Group, which encompasses several subsidiaries involved in different sectors of finance, including SIS Credit, SIS Brokers, and SIS European Funding. This structure allows SIS to provide an extensive range of financial services while maintaining a cohesive brand identity.

Headquarters Location

The headquarters of SIS Company is located at 140 G. S. Rakovski Street, Sofia, Bulgaria. This central location facilitates access to key financial markets and regulatory bodies.

Global Business Scope

SIS Company serves clients primarily in Bulgaria but also extends its services internationally. The firm operates in various financial sectors, including brokerage, microfinance, insurance, and project consultancy, thereby catering to a diverse client base.

Main Regulatory Bodies

SIS Company is regulated by several key authorities, including:

• The Financial Supervision Commission (FSC) of Bulgaria
• The Bulgarian National Bank (BNB)
• The European Securities and Markets Authority (ESMA)

These regulatory bodies ensure that SIS adheres to the required financial standards and practices.

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2. Company History and Development

Key Milestones

SIS Company has achieved several significant milestones since its inception:

• 1998: Launch of the investment intermediary services.
• 2006: Establishment of SIS Credit, focusing on micro and small enterprises.
• 2008: Introduction of SIS European Funding, aimed at assisting clients with EU project proposals.
• 2014: SIS Credit became one of the first European institutions to sign the European Code of Good Conduct for Microcredit Provision.

Business Expansion Journey

Over the years, SIS has expanded its operations through strategic partnerships and the introduction of new services. The firm has diversified its offerings to include leasing, factoring, and insurance, which has strengthened its market position.

Customer Base Growth

SIS has experienced consistent growth in its customer base, attributed to its focus on small and medium-sized enterprises (SMEs) and individual clients. The company boasts a high retention rate, with over 90% of clients choosing to return for additional services.

Platform Development History

SIS has invested in developing digital platforms to enhance customer experience and streamline service delivery. This includes the launch of the first Bulgarian platform for trading receivables, cesia.bg, which connects buyers and sellers of debts.

Important Awards or Recognitions Received

SIS has received various accolades for its commitment to best practices in microfinance and investment services, including certification under the European Code of Good Practice and recognition from the Microfinance Center for its transparency and customer care.

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3. Trading Services Offered

Forex Trading Options

SIS offers a comprehensive range of forex trading options, providing access to over 120 currency pairs. This extensive selection allows traders to engage in various market strategies and manage their portfolios effectively.

Stock Trading Options

SIS facilitates stock trading on the Bulgarian Stock Exchange (BSE) and provides access to international markets. Clients can trade shares in both local and global companies, enhancing their investment opportunities.

CFD Trading Products

SIS offers Contracts for Difference (CFDs) on a variety of assets, including stocks, indices, and commodities. This allows traders to speculate on price movements without owning the underlying asset.

Other Financial Instruments

In addition to forex and stock trading, SIS provides access to other financial instruments, including:

• Cryptocurrencies: Trading options for major cryptocurrencies.
• Commodities: Opportunities to trade in gold, oil, and agricultural products.

Special Services or Unique Advantages

SIS distinguishes itself by offering personalized advisory services and access to advanced trading tools, including real-time analytics and market insights. The firm also provides educational resources to help clients make informed trading decisions.

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4. Regulatory and Legal Background

Detailed Regulatory Information

SIS operates under the supervision of several regulatory bodies:

• Financial Supervision Commission (FSC): Oversees financial markets and protects investors.
• Bulgarian National Bank (BNB): Regulates banking and financial institutions in Bulgaria.
• European Securities and Markets Authority (ESMA): Ensures the integrity of the EU financial markets.

Legal Entity Structure by Region

SIS Company is structured as a joint-stock company in Bulgaria, allowing it to operate as a licensed investment intermediary. The legal framework ensures compliance with local and EU regulations.

Client Fund Protection Measures

SIS adheres to stringent client fund protection measures, including:

• Membership in the Investor Compensation Fund, which provides coverage for clients in case of insolvency.
• Compliance with the Markets in Financial Instruments Directive (MiFID), ensuring transparency and investor protection.

Countries/Regions Served

While SIS primarily serves clients in Bulgaria, it also caters to international clients, particularly in the EU and neighboring regions. The firms global reach is facilitated through partnerships with international financial institutions.

Compliance History

SIS has maintained a strong compliance record, consistently adhering to regulatory standards. The company has not faced significant legal challenges or regulatory sanctions, reflecting its commitment to ethical business practices.

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5. Competitive Landscape

3-5 Main Competitors

SIS operates in a competitive landscape with several key players, including:

• Bulgarian Investment Company (BIC)
• Elana Trading
• Doverie United Holding
• FIBank

Positioning in the Industry

SIS positions itself as a trusted partner for SMEs and individual investors, emphasizing transparency and personalized service. The firms diverse offerings and regulatory compliance enhance its reputation in the financial services sector.

Market Differentiation Factors

SIS differentiates itself through:

• A comprehensive range of financial services, from brokerage to microfinance.
• A focus on customer education and advisory support.
• Strong regulatory compliance and commitment to best practices in microfinance.

By leveraging these strengths, SIS Company continues to build a solid presence in the financial market, catering to the evolving needs of its clients.

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In conclusion, SIS Company has established itself as a reputable financial institution in Bulgaria, offering a wide array of services while maintaining a commitment to regulatory compliance and customer satisfaction. With a strong foundation and a focus on growth, SIS is well-positioned to navigate the challenges of the financial landscape.

For more information on SIS Company and its services, learn more.