Burgundy.se

Handelsbanken have recently launched

Burgundy has been busy setting up the first Nordic multiple CCP interoperable clearing service, culminating with the successful launch of our third CCP provider last week. We have also signed new trading participants, mainly from the London community, confirming the trust that we have earned from our clients during three years of operation. Looking at the stock market, the last couple of months have been characterized by low volumes and macro-related movements. My personal feeling is that there are floods of cash ready to dive into the pool, once the political situation in Europe stabilizes. We have learnt that when the markets are expected to trade sideways, the unexpected often happens. So, my tip for those of you who are thinking more about the beach rather than the VIX-level is to stay calm and enjoy the sun, but keep an ear close to the market or you may miss the next big move.

Wishing you a nice winter break from your crew here at Burgundy!

Since the month of April Burgundy have continued to quote the tightest spreads (at touch) on the OMXS-30 according to market quality research firm LiquidMetrix. It

Despite a bad month for equities, we are pleased to announce that as from 28th of June 2012, Burgundy clients will benefit from having a third CCP online to trade Nordic equities. We are the first Nordic exchange to offer full interoperability with the major providers; EMCF, X-Clear and EuroCCP (28th June 2012).

Competition in all service industries are good for you as customer – offering choice and differentiation. Now, Burgundy can offer this choice for clients who wish to trade more efficiently.

After completing a network improvement last weekend we have reduced the latency on the fastest transactions here at Burgundy. We have seen improvements up to 35% faster and the 100 microseconds barrier has now been broken.

We are very pleased with the results of the upgrade and we believe that our low latency in combination with the Burgundy trading system will provide us with a competitive offer to our trading participants.

While markets have been chaotic lately, the product segment ETF

Here at Burgundy we have made a survey of the 2010 annual reports of the large cap companies in the Nordics. This report showed out of the 136 companies, 60 percent includes information about the share turnover in the annual reports. Of these, 66 percent only includes the turnover on the listing exchange. Thus, the companies are sending out wrong signals about the liquidity in the share, i.e. how fast investors can buy and sell shares. This can lead to that investors might take the wrong decisions.

The survey showed that in Sweden, 58 percent of the companies now include information about trading on alternative venues, which is a big improvement from last year

Having returned from an unusually cold summer holiday in the south of France, I noticed a couple of things back at work;

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Burgundy