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Burgundy applies for exchange status

19 May 2010  |  2456 views  |  0 Source: Burgundy

Burgundy applies for authorization to operate a regulated market as an exchange for listing and trading of warrants, certificates, exchange traded funds (ETFs) and structured products. An application was filed with Finansinspektionen (the Swedish Financial Supervisory Authority) today.

"Our customers would like Burgundy to offer a listing and trading service for warrants, certificates, ETFs and structured products. In order to fully support this and satisfy our customers request to list their products on a regulated market, Burgundy applies to become an exchange," says Olof Neiglick, CEO of Burgundy.

Currently, Burgundy has a regulatory approval to operate a 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. Burgundy will continue to offer trading in these instruments on its MTF as today.

There are no plans to offer a listing service in shares.

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