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*.
"Today we are happy to announce that Burgundy has been authorized as an exchange by the Swedish Financial Supervisory Authority. 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," says Olof Neiglick, CEO of Burgundy.
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 Børs and Nasdaqomx' exchanges in Sweden, Finland and Denmark. Burgundy also offers trading in securities listed on NGM Equity, NGM Nordic MTF and AktieTorget.
*The other two exchanges are Nasdaq OMX Stockholm AB and Nordic Growth Market NGM AB.