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Neonet offers Burgundy access

08 May 2009  |  1949 views  |  0 Source: Neonet

Neonet, the global provider of execution services and trading technology, today announced that it offers its brokerage and technology clients access to Burgundy, the new Nordic Multilateral Trading Facility.

Neonet has a leading position as provider of access to new alternative markets. Burgundy, established by 14 leading banks and brokerage firms, represents the new generation of trading platforms and is designed to strengthen the Nordic region as a financial hub. By adding Burgundy to its offering of over 35 global marketplaces, including traditional exchanges and new alternative markets, Neonet offers its clients access to global liquidity.

"The Nordic markets are now following the rapid change that has transformed other European markets. To fully benefit from these changes, market participants need access and aggregated market data from all the venues. When using Neonet's solutions, our clients gets access to the new liquidity in an instant and seamless way using our leading Smart Order Routing Technology, Market Data and front-end application," states Simon Nathanson, CEO and President of Neonet.

Burgundy will commence trading in a number of Swedish shares. Additional Swedish, Danish, Norwegian and Finnish securities will be added in the weeks to follow. In June, securities representing 85 percent of the Nordic trading volume will be available via Burgundy.

"We welcome the increased competition between the venues and are ensuring that our brokerage and technology clients can take advantage of all the possibilities which have been opened up by the new competition," concludes Simon Nathanson.

Burgundy is owned by Neonet, Avanza Bank, Carnegie Bank, Danske Bank, DnB NOR, Evli Bank, HQ Bank, Nordea, Nordnet, SEB, Svenska Handelsbanken, Swedbank, Ålandsbanken and Öhman.

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