Participation

Regulated credit institutions and investment firms within EEA, and other legal entities within EEA trading on its own behalf, may be eligible to participate in trading in the Burgundy trading platform as a Trading Participant. In addition, a potential Trading Participant must also fulfill other criteria to become a Trading Participant, such as capital requirement, adequate organization and clearing and settlement capabilities in the respective Nordic market. The following are the main necessary mile stones:

  • Testing Agreement signed to get access to Burgundy’s test systems
  • Network connectivity installed
  • Access the test environment to test the solution
  • Trading software certified
  • Clearing & settlement arrangements in place
  • Trading Participant Application approved
  • Test of total solution
  • Trading Participant Agreement signed
  • Market Data Agreement signed – optional
  • Plan for trading start and send out Burgundy Market News

The mile stones that often take more time is to install network connectivity, get trading software ready for certification and arrange clearing & settlement – all of course depending on the situation. These matters are outside Burgundy’s control and something you manage with your internal or external suppliers. For a swift Trading Participant application process it is important to identify the things that may take more time and should be started early to avoid unnecessary delay of the process. At Burgundy we will do what we can to support you in the pace you want to have in your application process!

The relevant documents are:

  • Testing Agreement.
  • Trading Participant Application Form. This form needs to be completed in order to become a Trading Participant at Burgundy. To get Burgundy’s Trading Participant Application Form please send an email message to participant@burgundy.se.
  • Trading Participant Agreement. 
  • Burgundy Rule Book, Trading Functionality Guide, Buy In Rules, Disciplinary Committee Procedures, and Price list. For you to read and follow.
  • Market Data Agreement. This agreement is only needed if you distribute Burgundy market data internally or externally.

To stay informed about Burgundy we recommend that you subscribe to Burgundy news.

For further information on the Trading Participant requirements and the application process, please send an email message to participant@burgundy.se.

Network connectivity installed

It is possible to connect to Burgundy via BT Radianz, IP-Only, TNS, and Verizon. You may use any existing account managers at these providers but if not available please use the Burgundy appointed contact persons that you will find under: Connectivity

Trading software certified

You can use your own developed trading software or a standard trading software application. In either case it needs to be certified. A list of Burgundy certified standard trading software applications is found at:Independent software providers

If you develop your own trading software, Burgundy provides interface documentation in FIX and a proprietary API called EMAPI.