Burgundy, a regional multilateral trading facility (MTF) for Nordic securities, is pleased to announce that UBS Limited has joined the platform as a trading participant.
As such, UBS becomes the first international investment bank, outside of the owner group, to connect to the MTF in order to provide their global institutional and broker clients with efficient, seamless direct market access and algorithmic trading for these securities.
"UBS is a pioneer in the field of electronic trading and one of the largest global players in this space. We look forward to them joining our platform as a trading participant. Burgundy's already strong group of trading participants becomes even stronger and represents 60 % of the Swedish equity trading volume", says Olof Neiglick, CEO, Burgundy.
"As part of our strategy to be the best in class execution provider, we are very pleased to be able to offer both our investment management and broker clients with access to Burgundy. We believe this new innovative venue will further enhance the quality of execution and sourcing of liquidity UBS offers our global clients", said Tim Wildenberg, Head of Direct Execution Services, Europe, at UBS Investment Bank.
UBS' trading ID will be UBS, and the first day of trading is 11 September.