The Nordic MTF Burgundy’s application to operate a regulated market as an exchange has been approved by Finansinspektionen (the Swedish Financial Supervisory Authority). Burgundy is now one of Sweden’s three exchanges, the other two being NASDAQ OMX Stockholm AB and Nordic Growth Market NGM AB.
“Today we are happy to announce that Burgundy has been authorized as an exchange by the Swedish Financial Supervisory Authority,” says Olof Neiglick, CEO of Burgundy. “As an exchange, Burgundy will be able to offer a competitive marketplace for listing and trading of warrants, certificates, ETFs and structured products to our clients.”
Burgundy will continue to offer trading in securities, primary listed on other regulated markets or MTFs, on Burgundy’s multilateral trading facility (MTF).
Since June 2009, Burgundy has been offering trading in securities listed on Oslo Brs and NASDAQ OMX exchanges in Sweden, Finland and Denmark. Burgundy also offers trading in securities listed on NGM Equity, NGM Nordic MTF and AktieTorget.