Freiburg, 21 July 2022:
PATRONAS Financial Systems GmbH has acquired a well-known new customer: Germany’s largest municipal savings bank, Kreissparkasse Köln, has opted for the trading solution from PATRONAS Financial Systems GmbH as part of the strategic further development of its order management processes. This goes hand in hand with membership of FIXhub.net, the group’s order routing network.
The PATRONAS TradeDirector solution enables both the traders of the savings bank and their external customers to track the status of the orders placed and their execution in real time at any time. The significantly higher degree of automation also means improved service for their customers.
Membership of the FIXhub routing network also gives Kreissparkasse Köln access to all brokers and trading platforms connected to the network. Currently, more than 85 international destinations are available to members via FIXhub. In doing so, the savings bank acts both as an order router and as a recipient of electronic orders.
Ralf Funk, Head of Trade at Kreissparkasse Köln, is looking forward to the cooperation: „During the preparation for implementation, it became clear that PATRONAS and FIXhub understand our processes and are ideally suited to them. In addition, the solutions also offer opportunities for a potential future expansion of our range of services. With the PATRONAS TradeDirector software, we expect to be able to support our customers as well as our traders even more efficiently in trading with international instruments. The connection to FIXhub also enables us to seamlessly send and receive electronic orders without having to change systems“.
Carsten Osswald, Managing Director, adds: „We are delighted that Kreissparkasse Köln has chosen our offer. Our TradeDirector software is the ideal solution for automating the order management processes at the Kreissparkasse, which can thus also be quickly and flexibly adapted to changing requirements in the future 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 to the project implementation and our further cooperation with great optimism.“
About Kreissparkasse Köln:
With total assets of 29 billion euros and around 3,300 employees, Kreissparkasse Köln is the largest municipal savings bank in Germany. In its business area – the Rhein-Erft district, Rhein-Sieg district, Rheinisch-Bergisch district and Oberbergisch district – it serves around 1 million customers in all matters relating to money. As a universal credit institution, it offers its financial services to private and corporate customers as well as to municipal and institutional clients. The self-image of the Kreissparkasse Köln also has a broad social commitment in the region. It supports more than 2,000 voluntary initiatives every year, with a total of €4 million in 2021 alone.
About PATRONAS Financial Systems:
PATRONAS Financial Systems is a leading software provider for the international investment industry. PATRONAS offers integrated portfolio, risk, compliance and order management solutions for investment advisors, managers and administrators.
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