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 highvolumes of market rates and prices. MDF data selection can be customized based on usage, which includes 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 KrejÄí.
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."