Germany-based BHF-Bank (BHF) has selected Fidessa's Software as a Service (SaaS) sell-side trading platform to meet its growing equity trading business.

The BHF-Bank 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 BHF-Bank to trade large mixed baskets while consolidating all trades and performance data in real time.

BHF-Bank will also be using Fidessa’s pairs trading system, enabling them to manage large numbers of client pair orders within the platform’s integrated order workflow.

BHF-Bank Equities head Thomas Eckert said that the bank took the decision around a year ago to move into the equity trading space. Since then it has built up a strong team and carving out a niche as a specialist German broker.