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Pritchard Stockbrokers renews 3i Infotech’s FLAGSHIP and signs up for FlagWin

3i Infotech- Western Europe, a global provider of IT solutions, today announces that Pritchard Stockbrokers (“Pritchard”) has renewed its contract for Flagship™, the fully-integrated private client stockbroking system, for a further five years. At the same time, the firm has selected to license FlagWin, the newly-developed MS Windows environment for front office executives that operates with Flagship™.

“In an economic environment characterised by a need for transparency and improved risk management, private client stockbrokers are looking for solutions that provide them with the ability to meet future regulatory hurdles while increasing the efficiencies of their existing portfolios,” said Piers Farbrother, Product Director, 3i Infotech. “Working closely with Pritchard, we have developed a series of applications that provides the stockbroker with a scalable solution for new and existing customer management teams. Ultimately this frees up the stockbroker from dealing with technological complexities and ensures that they can continue to offer a tailored, personal and high quality service.”

Flagship™ is a multi-user, multi-currency stockbroking system which offers the entire range of client support services demanded by front and back office staff. The system links to Euroclear via the AUTOFLOW channel supported by the Syntegra network and achieves the low cost settlement and risk reduction objectives envisaged in the design of Euroclear.

David Welsby, Finance Director of Pritchard Stockbrokers, said, “Flagship™ provides us with complete control over every step from order inception to settlement. It was therefore a straight forward decision to renew our Flagship™ contract. Moreover, I am confident that FlagWin will meet the needs of our busy and demanding brokers and provide all of the tools that the front office team needs to deliver a full and efficient service. This new agreement is testament to the 3i Infotech team which is thoroughly professional and not only understands the system but also our business.”

David McDowell, Account Manager Flagship™, 3i Infotech, added, “This renewal once again highlights Prichard’s commitment to Flagship™. Moreover, their selection of FlagWin, which will deliver efficiencies in front to back processing, demonstrates their continued faith in 3i Infotech’s software and the team who support it. We’ve been working with Pritchard for over 10 years and look forwards to continuing our excellent working relationship with the business.”