BHF-Bank, the German-based private bank, has chosen the SaaS sell-side trading platform designed by Fidessa, in order to support its growing equity trading business.

The bank will use Fidessa’s SaaS deployment of its trading system that incorporates order and execution management as well as middle office capabilities, Fidessa said in a statement.

Fidessa’s basket trading functionality allows BHF-Bank to trade large mixed baskets while consolidating all trades and performance data in real time. Furthermore, BHF will use Fidessa's pairs trading system, enabling them to manage large numbers of client pair orders within the platform's included order workflow.

"Germany is a key region for Fidessa and we have been pleased to see the positive response to both our technology and our approach which has seen our established client base among the top tier banks in Germany expand steadily. It’s a very exciting time for us in Europe at the moment with recent wins in France and the Nordic region complementing a growing presence in the emerging markets of Central and Eastern Europe," said Mark Holden, new business sales manager for Fidessa in the region.