Norwegian investment bank, Pareto Securities has deployed Fidessa’s Software as a Service, or SaaS, trading platform, Fundamentals reports. The Oslo-based lender will now have access to Fidessa’s algorithmic trading functionality and FIX connectivity, allowing it access to a number of trading venues worldwide. The step was initiated by Oslo Børs’ move onto the London Stock Exchange’s trading platform and rising fragmentation in the Norwegian market. Pareto Securities, a unit of the Pareto Group, has offices in Norway, New York and Singapore.
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