Burgundy, a multilateral trading facility (MTF) for Nordic stocks, has added agency broker Sanford C. Bernstein to its list of trading participants.
The US-based agency brokerage will be the third non-Nordic trading participant on the MTF after UBS and Nomura joined the platform earlier in the year.
According to the Fidessa Fragmentation Index, an analysis of displayed order book trades across Europe, Burgundy accounted for 0.06% of European trading turnover in the week ending 13 November. This included a 1.48% share of trading in Swedish blue-chip stocks.