Burgundy, a multilateral trading facility for listed Nordic securities scheduled for launch in the first half of 2009, has added Danish firm Danske Bank to its consortium of shareholders.
Danske Bank is the twelfth firm, and first non-Swedish company, to take a stake in the platform.
“Danske Bank is a leading player in Nordic equity trading and wants to take an active role in the transformation of the marketplace that is about to happen in the region,” said Henrik Voetmann Mikkelsen, global head of equities at Danske Bank.
“Burgundy will play a pivotal role in transforming the way Nordic securities are traded and the attractiveness of the offering is confirmed by having them onboard,” added Tom Dinkenspiel, chairman of the board, Burgundy.
Burgundy other shareholders include Avanza Bank, Carnegie & Co, Evli Bank, HQ Bank, Kaupthing Bank (Sverige), NeoNet, Nordnet, SEB, Svenska Handelsbanken, Swedbank and Öhman.