The Prague-based provider, present at more than 30 stock exchanges in the world, appliend for a trading licence at the Budapesti Stock Exchange on August 21 and was granted it on August 24. Patria Finance is a leading Czech investment service provider, attending to more than 26 thousand clients, and manages around 1,5 billion euros worth of assets. Recently BSE has observed a growing interest from international investments service providers, who can further increase liquidity on the Hungarian market.
VÉGH Richárd, Chairman and CEO of Budapest Stock Exchange said:
BSE is glad to welcome Patria Finance, a Czech securities broker, as its newest member. BSE cash equities volumes have been rising consecutively over the past for 4 years, with turnover for the first six months in 2018 up by 9.6% if compared to last year. Attracting more investors to the Hungarian market is a key element of our strategy, and we believe Patria’s joining is a further testimony to the attractiveness of Hungarian capital markets."
Tomáš Jaroš, the Chairman of the Board and CEO of Patria Finance said:
Following its strategy to develop itself in the CEE region as well as the ongoing request from its clients, Patria has decided to become a member of Budapest Stock Exchange. This will allow Patria to offer its institutional and retail clients better service, more efficient connection, lower latency and smoother settlement on the Hungarian market resulting in a competitive advantage for our clients. We aim to become a top player on the local market and a renowned partner of Budapest Stock Exchange."
Patria Finance, 100% owned by the ČSOB Group and part of the KBC Group, is a Czech leading securities broker for retail as well as professional institutional investors. Patria Finance provides access to more than 30 world stocks exchanges through its internet trading platform WebTrader and mobile app Patria MobileTrader. An investment team of professional and experienced brokers is readily available to provide advice regarding investments a portfolio management. Patria's broad and experienced team of analysts supports its clients through both long and short term investment tips and recommendations for stocks traded at the Prague exchange, as well as exchanges in the CEE region, western Europe and the US. Recently we have expanded our service to commodities. Financial, economic and investment news and market data provides respected and highly visited economic and investment portal www.Patria.cz. Live market and economic news & data service is supplemented with well/founded commentaries, analyses and opinion pieces.