Burgundy, a multilateral trading facility for Nordic stocks, has added DnB NOR, a Norwegian bank, to its list of shareholders.
DnB NOR becomes the thirteenth firm, and second non-Swedish company to join the consortium.
“DnB NOR´s decision confirms that we are a truly Nordic business,” said Tom Dinkelspiel, chairman of the board, Burgundy. “Burgundy will play a pivotal role in transforming the way Nordic securities are traded, and the attractiveness of the offering is increased with the largest Norwegian player on board.”
Burgundy is set to launch in the first half of 2009. The platform’s other shareholders include Avanza Bank, Carnegie & Co, Danske Bank, Evli Bank, HQ Bank, Kaupthing Bank (Sverige), NeoNet, Nordnet, SEB, Svenska Handelsbanken, Swedbank and Öhman.