SIX Financial Information to Become Main Data Provider for Patria Direct
Zurich, Switzerland - SIX Financial Information has acquired a new client, Patria Direct, which operates one of the biggest online financial portals in the Czech Republic. In doing so, SIX replaces another leading provider.
SIX Financial Information's Market Data Feed (MDF) provides mid- to high-volumes of market rates and prices. MDF can be customised by its users and offers pricing data, derived and calculated data, intraday prices, historical data series and business news.
Comprehensive, high-quality data in real time is crucially important to Patria Direct, a wholly owned subsidiary of Patria Finance. As a licensed broker since 1996, Patria is authorised to trade in domestic and foreign securities and is a shareholder in the Prague Stock Exchange. For some years now Patria Direct has been operating the Patria Online finance portal, one of the leading platforms for investors in the Czech Republic.
With the acquisition of Patria Direct as a client, SIX has taken a major step towards opening up new markets in Central and Eastern Europe. During the project to replace the current data feed in the Patria Online finance portal, all of the client's requirements were successfully implemented. Patria Direct chose SIX for its rapid implementation process, high-quality market data offering and global coverage of financial instruments.
"In the course of the last 15 years Patria Online has worked hard to achieve a leading position in the Czech financial and investment markets. We are therefore delighted to have found in SIX Financial Information a partner that we can rely on to deliver accurate, high-quality data. The financial data from SIX enable us to continue developing our portal and constantly improving our services", says Patria Online CEO Radim Krejčí.
Andreas Steiner, Head of SIX Financial Information in Austria explains: "Patria Direct demands the highest standards of itself and its partners. We are therefore proud that Patria Direct has chosen SIX Financial Information as its primary data provider. Both organisations will benefit from working together, and this project provides the basis for a successful partnership in the future."
About SIX Financial Information
SIX Financial Information is a leading global provider of data services and solutions for financial and insurance firms, corporations and the media. Aggregated in real-time from over 1,500 worldwide sources, SIX’s financial information is comprised of corporate actions, pricing, reference and market data for 16 million instruments and
is unique in terms of information depth, breadth and structure. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer financial specialists comprehensive data services for securities administration, risk management and compliance, investment advisory, and portfolio management.
Financial Information is one of four business areas of SIX which offers global premium services in securities trading, clearing and settlement, payment transactions, and financial information.