Oslo Børs Plans Burgundy Move to MillenniumIT

Olof Neiglick, CEO, Burgundy

Stockholm-based multilateral trading facility Burgundy will migrate to a new matching engine and data platform from London Stock Exchange subsidiary MillenniumIT in 2013, as a result of its acquisition this week by Norwegian exchange Oslo Børs.

The acquisition, announced Oct. 16, will see Oslo Børs acquire 100 percent of shares in Burgundy, subject to approval by the relevant authorities in Norway and Sweden. Financial terms were not disclosed.

Oslo Børs is getting ready to migrate from its exis