50 % trading outside exchanges...

14 Dec 2009

So the Helsinki event was overbooked – how did the event turn out?
Olof: Yes the event was really crowded, which was nice, next year we need an even bigger place! The event was very interesting with business, technical and regulatory issues covered up as well as what to think of when trading multi-venue. 

What was the most interesting aspect of the event?
Olof: That was when a buy side customer stated that they made > 50 % of their trading outside the traditional exchanges and that it was a trend that would continue. He said that they would not do business with brokers that are not connected to all relevant venues.

What do you think about the future in Finland, when will they start to trade at Burgundy?
Olof: We are looking for a pickup in volume at end of first quarter when participants are getting their systems ready and they are actually being tested right now.

Now when we are getting closer to Christmas - how do you think that the year will end for Burgundy?
Olof: I think 2009 will end quietly as investors are reluctant to take new positions ahead of the new year, most people I talk to are enthusiastic about 2010 and forecase an increase in trading volume.

Olof's wor(l)d archive

22 December 2011 Holiday Greetings
26 October 2011 Latency enhancement
28 September 2011 ETF volumes up more than 100%
06 September 2011 Annual Report Survey
08 August 2011 Breakthrough in media reporting
12 July 2011 Listing at Burgundy
04 May 2011 Another milestone passed
28 March 2011 New data centre as from today
03 March 2011 Best execution service through Burgundy and LiquidMetrix
21 January 2011 Going the American way...
23 December 2010 Christmas Greetings
07 October 2010 Finland - the country of the month!
01 September 2010 Where are the SOR's ?
10 August 2010 Traders on the beach
08 July 2010 Consolidation revisited
21 May 2010 Competitive offer in NGM shares at Burgundy!
04 May 2010 Time to include all market data in media reporting!
07 April 2010 5.5 percent market share in OMX S30
10 March 2010 Doubled trading activity at Burgundy
25 February 2010 Xact at Burgundy
19 February 2010 Who pays 5 USD/minute calling Australia?
19 February 2010 Read Veckans Affärer this week!
27 January 2010 Trade records in January
22 December 2009 28% of Nordic equities are now traded outside the stock exchanges...
19 November 2009 "MiFID hits main street" says Fidessa
09 November 2009 CCP introduced - attracting international capital
09 November 2009 Bank Market day 12 November, Olof speaks - come!
15 September 2009 Two new trading participants; Erik Penser & UBS!
03 September 2009 Burgundy in Fidessa Fragmentation Index
28 July 2009 4.5% of Primary market
14 July 2009 Increased volumes
29 June 2009 3.5 % of Primary market
12 June 2009 Launch of Burgundy!
27 May 2009 Event: How to stay competitive in a fragmented market!
22 May 2009 Norwegian shares on
15 May 2009 Danish equities on board
08 May 2009 Burgundy's first day of trading
06 May 2009 Approval by the Swedish FSA
04 May 2009 Preparations to get started