RS Platou Markets, the investment banking arm of RS Platou Group, has selected Fidessa group’s Software as a Service sell-side trading platform.

The Oslo-based brokerage firm will be using Fidessa to underpin its global trading operations including connectivity to a number of multilateral trading facilities.

Fidessa's smart order routing capabilities were a significant factor in RS Platou's decision, as was the brokerage's move into algorithmic trading which is now supported by Fidessa's fully integrated algorithmic trading engine, BlueBox.

Preben Sohlberg and Magnus Halvorsen, co-heads of equity sales at RS Platou, said: "After thorough investigation, RS Platou Markets decided to sign an agreement with Fidessa. The rationale behind our decision was that Fidessa offered a SaaS solution that fitted our needs allowing us to focus on our core competence. In addition, Fidessa offered access to a large buy-side network that is in line with our profile and provided a platform that will allow us to service our global network."

Mark Holden, new business sales manager for Fidessa in the region, adds: "Fidessa’s SaaS solution reduces the costs and risks associated with maintaining connectivity to the growing number of liquidity venues globally. We have been active in the Nordic region for some time and it continues to be a key focus for us as our technology is proving such a good fit with clients’ needs here."