Patria Finance, the largest broker in the Czech Republic, has joined the global connectivity network of Fidessa group, a provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions. Patria Finance is a member of the pan-European KBC Securities Group. 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 Fidessa’s 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. 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. Fidessa’s flexible technology, coupled with our local knowledge, makes ours a strong offering for our clients,” said Viktor Reischig, senior equity trader at Patria Finance.
“Our work with Patria is a demonstration of our commitment to extending our presence in the emerging markets of central and eastern Europe. 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,” said Simon McDowell, director of connectivity at Fidessa.