I can see that you are trading in NGM-shares now – for how long have you done that?
Olof: We started to offer trading in NGM shares in February, which we informed the market of at that time. This is another step in our Nordic strategy to offer trading in Nordic listed shares. It is great to see that our attractive offer is competitive with lower prices for trading and that liquidity and prices are competitive and in most cases better spread in the NGM-shares. Here at Burgundy you can find Nasdaqomx, Oslo Börs, Aktietorget and NGM shares with one connection and the market data is for free!
How come that the trading in NGM shares came all of a sudden, as it seems?
Olof: The increased technological readiness of participants is crucial to stepping up trading another step; to trade NGM listed shares at Burgundy as well. Since the volumes in these shares are small you might see a greater effect. If you compare the trading volumes on the two Swedish exchanges the trading volume per day in Swedish Nasdaqomx listed shares is around 15-20 billion SEK and in NGM listed shares it is about 8 million SEK.
What we have seen during this year when we have been running Burgundy is that it has taken time for all the trading participants to get all technology set, in order to be able to trade at several market places at the same time. During the last months more and more participants have become ready with the technology and we have seen increasing volumes at Burgundy in Nasdaqomx listed shares.
Where can I find share prices?
Olof: You can find share prices with all trading participants and information suppliers as SIX Telekurs, Thomson Reuters, Bloomberg, Infront, Millistream. One can also see the quotes on our site as well.
How are the other Nordic markets doing?
Olof: During the last months we have seen some increasing volumes in Oslo listed shares and Finnish listed shares which is great. The volumes are not large yet, but it seems as if they are increasing. We have reached a new level in Norwegian instruments this week around 80 MNOK and well above 500 trades and nearly as much in Finland. In Norway we are strong in the ETF instruments, as in Sweden. It seems as we have got started there now.