Burgundy Sheds MTF Skin

olofolof-neiglick
Olof Neiglick, Burgundy

Nordic multilateral trading facility (MTF) Burgundy’s application to operate a regulated market as an exchange has been approved by the Swedish Financial Supervisory Authority.

The new classification means that Burgundy will be able to list warrants, certificates, exchange-traded funds (ETFs) and structured products on its market. As an MTF, Burgundy could not offer this listing service, focusing instead on the trading of securities listed on other markets, which it will continue to do.

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