CCP introduced - attracting international capital

09 Nov 2009

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.

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 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