Fidessa group plc, provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity applications, has announced that Patria Finance, the broker in the Czech Republic, has joined its global connectivity network.
Patria Finance, a member of the pan-European KBC Securities Group, has the largest market share on the Prague stock exchange, and processes more orders than any other Czech broker. By joining the network, Patria will provide a significant local presence in central Europe for the community of more than 300 brokers and 1,800 buy-side institutions, which comprise Fidessas global network.
We always look to differentiate ourselves from the competition through innovation and initiating new products and services, as befits our position as a leading investment bank in the central European region, says Viktor Reischig, senior equity trader at Patria Finance. We are experiencing a significant increase in demand for FIX connectivity to the emerging markets. Clients can use Patria as a hub to access not only the Czech Republic but also other CEE countries, such as Poland, Hungary and Slovakia. Fidessas flexible technology, coupled with our local knowledge, makes ours a strong offering for our clients.
Our work with Patria is a demonstration of our commitment to extending our presence in the emerging markets of central and eastern Europe, says Simon McDowell, director of connectivity at Fidessa. We continue to invest heavily in developing our global connectivity network and are delighted to welcome Patria. Their local expertise will be a great addition to the range of services the Fidessa network offers our clients.
D.C.