4.5% of Primary market
Trading activity seems to have really picked up in the last few weeks, what do you attribute the big increase in trading volume to? What are the plans of going forward regarding warrants? What do you think about the weeks to come? Any news for August? Since the trading has developed so well lately, how is the interest from other parties to start trading on Burgundy?
Olof: We now see that participants are getting used to trading higher volumes and appreciate us as an alternative and efficient marketplace. Also, most of our clients are used to trading single-venue only, meaning that they are now getting acquainted to the benefits of price improvement and increased liquidity that we can offer. So far, in July, we have had an average of 4.5% of the primary market, with a peak of 12.1% one day.
Olof: In Q4, we will launch a service for warrants which is very popular among our participants’ clients. The platform is very fast and flexible, therefore making it suitable for both cash and equities trading.
Olof: We are now in the midst of summer holiday which is usually a more quiet period on the market. It is therefore very satisfying to see that both trading volume and market share are growing. This confirms our participants’ great interest in our services. Hopefully trading will continue to increase even more!
Olof: We are finalizing the testing of our CCP service together with EMCF; our clearing provider, and our participants in order to meet the rollout in October. This is an important milestone as many international prospects require this in order to connect and start trading on Burgundy.
Olof: We are in continuous discussions with both large and specialist firms interested in both routing and market-making to our marketplace. I expect some of these firms to sign and connect during the autumn as they are attracted by our maker/taker pricing structure, advanced technology and strong regional support.