Trading has been suspended for the day on Burgundy, a multilateral trading facility for Nordic stocks, because of an apparent problem with one of the platform’s FIX engines.
Problems first started at 09.35 GMT, after the platform reported a “disturbance” in FIX order entry. The FIX server was restarted and trading recommenced at around 09.45.
However, further issues were experienced at 11.35 and Burgundy has admitted that trading will not resume again today. A further statement on the outage is expected at 16.00.
Burgundy launched on 8 May, trading 12 Swedish stocks. It is still in the process of rolling out the rest of its Nordic constituents, including Danish, Finnish and Norwegian securities. A full universe of stocks will be available from 12 June.