Oslo Børs Offers Trade In Nordic Instruments

03/06/2013

The merger between Oslo Børs and Burgundy is now completed and the marketplace Burgundy has become a part of the Oslo Børs’ comprehensive Nordic offering. From today trading in securities listed in Norway, Sweden, Denmark and Finland is available in the Oslo Børs trading system.

- Today we pass another a milestone in our ongoing efforts to create an attractive and competitive offer to our customers. Members on Oslo Børs/Burgundy now have access to a complete Nordic portfolio of over 1,000 Nordic equities, says CEO Bente A. Landsnes.

Oslo Børs has in the past six months, together with our customers, worked to migrate the Burgundy market on to the trading platform Millennium Exchange. Millennium Exchange is a highly flexible, scalable and low-latency system provided by MillenniumIT, a company in the London Stock Exchange Group (LSE). The platform is also used by more than 400 members on the London Stock Exchange.

By offering trading on the same platform already used by Oslo Børs, synergies are created for both Oslo Børs and our customers. Customers get easy and cost-effective access to multiple markets through a single connection point.

- The Burgundy migration project has been short and intense. Thanks to great efforts from members, their system and software providers, real time information vendors, MillenniumIT and LSE, we have reached the goal of a successful project, says Landsnes.

Burgundy offers trading in equities and ETFs listed on the stock exchanges in Stockholm, Copenhagen and Helsinki, in addition to the Swedish marketplaces Nordic Growth Market (NGM), AktieTorget and First North. The trades are cleared through EMCF, Euro CCP and SIX x-clear.

Oslo Børs has also recently presented its Nordic focus for the bond market.