Burgundy reports the volumes for July 2009.
In July, 2009:
The average daily turnover was EUR 46.6 (13.0) an increase of 258%.
The average number of trades per day was 4108 (592) an increase of 594%.
The trading participant with the highest turnover was Svenska Handelsbanken with a turnover of EUR 510 (230) million.
The most traded instrument was XACT Bear, with a total turnover of EUR 134.2 (31.1) million.
The trading in Sweden has taken another step during July, as participants are increasing their use of the trading platform. The average daily turnover in July was EUR 46.6 (13.0) million. On 21 July, Burgundy had a turnover record of EUR 173.6 (61.3) million. On 20 July, the number of trades at Burgundy reached the highest number so far with 6,599 trades executed, says Olof Neiglick, CEO of Burgundy.
Burgundys average Swedish market share was 4.4% during July and reached a peak market share on 21 July with 12.1% of the Swedish primary market. We are looking forward to push this development further after the vacation period and expect volumes to grow as participants are getting used to multi-venue trading. In the other Nordic countries; Finland, Norway and Denmark, the trading participants are still tuning their solutions and processes, which means that trading has been at testing levels during holidays.
L.D.