IS AN INNOVATIVE ORDER AND EXECUTION MANAGEMENT SYSTEM
for centralized trading departments at Investment Managers and agency trading departments at Banks and Brokers.
Large Luxembourg fund administrator
PATRONAS FINANCIAL SYSTEMS GMBH WINS KREISSPARKASSE KÖLN AS A NEW CUSTOMER
PATRONAS Financial Systems - wins Kreissparkasse Köln as a new customer
Freiburg, 21. Juli 2022: PATRONAS Financial Systems GmbH has won a prestigious new customer: Germany's largest municipal savings bank, Kreissparkasse Köln, has selected PATRONAS Financial Systems GmbH’s trading solution as part of the strategic further development of their order management processes. This goes hand in hand with a membership in the order routing network FIXhub.net.
The PATRONAS TradeDirector solution enables both the traders of Kreissparkasse Köln and their external customers to track the status of their orders and their execution in real time, whenever needed. The significantly higher degree of automation also means improved service for their customers.
Membership in the FIXhub routing network also provides Kreissparkasse Köln with access to all brokers and trading platforms connected to the network. There are currently over 85 international destinations available to members via FIXhub. The savings bank acts both as an order router and as a recipient of electronic order flow.
Ralf Funk, Head of Trading at Kreissparkasse Köln, is looking forward to working together: “During the implementation planning process it became obvious to us that PATRONAS and FIXhub have full understanding of our processes and can perfectly build on that. The solutions also offer opportunities for a potential future expansion of our offering. With PATRONAS TradeDirector software, we expect to be able to support our customers and traders even more efficiently when trading international instruments. In addition, the connection to FIXhub also enables us to send and receive electronic order flow seamlessly and without having to switch systems.”
Carsten Osswald, Managing Director, adds: “We are delighted that Kreissparkasse Köln has decided in favor of our offering. Our TradeDirector software is the ideal solution for automating the order management process at the Kreissparkasse, which can in future be quickly and flexibly adapted to changing requirements at any time. The geographical proximity and the service quality of the German team also play a major role here, and so we look forward with great optimism to the project implementation and our further cooperation.”
About Kreissparkasse Köln:
With total assets of EUR 29 billion and around 3,300 employees, Kreissparkasse Köln is the largest municipal savings bank in Germany. In the geographical region it covers - the Rhein-Erft district, Rhein-Sieg district, Rheinisch-Bergisch district and Oberbergischer district - it looks after around 1 million customers in all matters relating to money. As a universal credit institution, it directs its financial services to both private and corporate customers as well as municipal and institutional customers.
The self-image of the Kreissparkasse Köln also includes a broad social commitment in the region. Every year, it supports more than 2,000 voluntary initiatives, amounting to a total of 4 million euros in 2021 alone.
About PATRONAS Financial Systems
PATRONAS Financial Systems GmbH is a leading software provider for the international investment industry. PATRONAS offers integrated portfolio, risk, compliance and order management solutions for investment managers, advisors, administrators and trading desks.
The company was founded in 2003 by Carsten Osswald and Heribert Steuer.
Further information: www.patronas.com
PATRONAS Financial Systems GmbH
c/o Norwin Schörrig
Phone: +49 761 400 688 36
Mobile: +49 175 582 7000