Approval by the Swedish FSA

06 May 2009

You have just been approved by the Swedish FSA - how do you feel?
Olof: I’m very happy that this piece is in place now and that we are ready to commence operations Friday. My staff and all the trading participants, their suppliers, third party developers and vendors will now be able to see the launch of the trading platform according to the original timetable.

What does the approval mean to Burgundy – what will happen?
Olof: This is basically a “driving license” to go ahead with live trading and offer qualified trading participants to commence trading operations on our platform.  The FSA process is very rigorous and before granting us permission, they have done a thorough review of our organization, agreements, rulebooks, people and systems.

What are the plans going forward?
Olof: We are gradually building out the stock universe in May and June to have ca 140 names representing 85% of the traded volume in the Nordic area by 12th June. After that, we add stocks on request with a target to have all 800 Nordic names by end of the year. From 4th quarter, we are adding a central counterparty risk service, meaning that the blue-chips will be cleared by EMCF in Amsterdam, with full netting vs other competing platforms such as CHI-X and NASDAQ OMX.  We are also providing a warrants trading facility before end of the year.

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...
14 December 2009 50 % trading outside 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
04 May 2009 Preparations to get started