Burgundy, a multilateral trading facility (MTF) for Nordic stocks, has admitted investment bank Credit Suisse as a trading participant. Its trading ID will be CSB.
Credit Suisse has become the fourth non-Nordic broker on the platform, joining Japanese bank Nomura, US agency broker Sanford Bernstein and Swiss bank UBS.
Burgundy, which was launched in May by a consortium of 14 Nordic banks, had a 0.05% market share of pan-European trading turnover in the week ending 4 December, according to the Fidessa Fragmentation Index. The MTF’s market share of trading in the Swedish OMX S30 index that week was 1.09%.