Holiday Greetings

A year with turbulent markets is coming to an end; looking back we have spent a significant amount of time educating media, corporate issuers and institutional investors about the changing trading landscape in the Nordics. The opportunities in multi-venue trading are still unknown to the larger crowd. We have also succeeded in lobbying for a European consolidated tape in one of the major daily papers which now aggregates the trading statistics from five venues (Burgundy, Chi-X, BATS, Turquoise and NasdaqOMX) for Swedish stocks. Now that it is finally done, we have suggested to our friends in London that it should be implemented all across Europe and that there is no need to wait for MIFID 2 – end clients need consolidated data now, not in 2014.

While mulling over where the market will head in 2012, perhaps with a nice glass of wine accompanied with proper Christmas food – we here at Burgundy are not leaning back. On the contrary, next year is full with activities ranging from adding two more interoperable CCP’s (EuroCCP and X-Clear), an enhanced faster and more functional trading platform in Q2, as well as a revised listing offer for certificates, ETFs, structure products and warrants in Q1. I’d like to thank our trading participants, suppliers, our supporters from the financial community and of course also our dedicated staff who are here to serve your trading needs in the Nordics.

Happy holidays!