CCP introduced - attracting international capital

What has happened at Burgundy lately?
Olof: The major event this fall has been the introduction of the CCP-clearing. By this we are improving the efficiency and competitiveness for the Nordic countries, attracting more international activity and capital to our markets.
 
Has the CCP had any effect on your business, beyond the actual clearing offer?
Olof: Yes we have seen an increasing interest for Burgundy from international banks and investment firms. In September we added one international investment firm to our trading participants and in October we added our second one. There are also several other international firms showing interest to start trading at Burgundy.
 
What else is new in the markets?
Olof: On 26 October 2009 Burgundy implemented a new tick size table for the Swedish Most Traded Equities, giving a tighter tick size. This has lead to substantially increased number of trades but smaller average trades. This has changed the way of trading with regards to size substantially.
 
Why have you changed the tick size?
Olof: It is a market harmonization within the European exchange federation FESE, a lot of other countries have had tighter tick-size for years and now we are harmonizing. The reason for having tighter tick size is to facilitate for investors by standardising across European markets.