Burgundy Suffers Trading Halt

The MTF halted trading at 12:40 p.m. local time last Tuesday, June 2.

The FIX order entry server stopped sending out information-including order insert, cancellation and trade execution reports-for the Swedish main market at 9:40 a.m. local time. Burgundy officials decided to stop trading after restarting the FIX server without success.

"Because we are in a pre-launch mode, we thought it would be prudent to close down the market and iron out any problems," says Olof Neiglick, CEO of Burgundy.

Burgu

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