Burgundy back online after outage shuts down trading
03 June 2009 | 4677 views | 0
Nordic multilateral trading facility Burgundy is back online after being forced to shut down Tuesday because of technical issues with its FIX engine.
The problems first surfaced at 09.40, when the platform's FIX order entry server stopped sending out order information and trade execution reports for the Swedish main market. Trading was suspended at mid-day after a restart failed to resolve the problem.
Trading resumed at 07.30 Wednesday morning. In a brief statement published on its Web site, Burgundy says: "Technical problem corrected. We are sorry for the inconvenience the incident may have caused you. We are doing everything to make sure it wont happen again."
The outage is an embarrassment for consortium-owned Burgundy, which only opened for trading in a limited number of Swedish stocks in May using a technology platform supplied by local tech vendor Cinnober.