Burgundy Preps Multicast Feed Option

Nordic multilateral trading facility Burgundy is planning to roll out a multicast datafeed later this year as part of the second phase of the deployment of an upgraded trading platform from exchange technology provider Cinnober—the first phase of which went live last week.

As part of this week’s upgrade to version 4.0 of the Cinnober platform, Burgundy added a number of trading features targeted primarily at high-frequency traders and market makers, such as self-match prevention, adaptive micro