UK-based Fidessa group, a supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and connectivity solutions, has announced that Patria Finance, a broker in the Czech Republic, has joined its global connectivity network.
Fidessa said that, by joining the network, Patria will provide 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.
Viktor Reischig, senior equity trader at Patria Finance, said: 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.
Simon McDowell, director of connectivity at Fidessa, adds: 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.