SunGards cross-asset trading and order management solution, Front Arena, is now connected to Burgundy, a multilateral trading facility (MTF) trading Nordic securities.
The Burgundy trading facility is owned by Scandinavian banks and authorized securities trading firms. The system was launched on May 8, 2009, providing trading in equities listed in Stockholm, Helsinki, Oslo and Copenhagen.
Burgendy is expanding its reach as an MTF. Neonet, the global provider of execution services and trading technology, recently announced that it offers its brokerage and technology clients access to Burgundy.
Tbricks, the provider of the new generation automated trading system, has also announced that it has added Burgundy to its growing list of certified trading venues.
On 22 May Burgundy will commence offer trading in Norwegian securities in addition to the Swedish and Danish securities that Burgundy started to trade previous weeks.