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BHF selects Fidessa's SaaS sell-side trading platform
Sep 08, 2010 (Datamonitor via COMTEX) --
Fidessa group, a provider of trading systems, market data and global connectivity for buy-side and sell-side firms, has announced that BHF-BANK has selected its SaaS sell-side trading platform.
BHF-BANK will be using Fidessa's fully managed solution to underpin its equity trading business. BHF will be using Fidessa's SaaS deployment of its trading system, incorporating order and execution management and middle office capabilities. Fidessa's basket trading functionality will enable it to trade large mixed baskets while consolidating all trades and performance data.
BHF will also be using Fidessa's pairs trading system, enabling it to manage large numbers of client pair orders within the platform's integrated order workflow, the company said.
Thomas Eckert, head of equities at BHF-BANK, said: "We took the decision around a year ago to move into the equity trading space. Since then we have built up a strong team and we are carving out a niche as a specialist German broker. Our flows have increased significantly and it became clear that we needed a world-class trading system to underpin this success and provide a platform for future growth. Having assessed the market it quickly became clear that Fidessa could meet all our needs and provide a robust front end system that our customers could rely on."
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