Danske Bank, has joined the consortium of shareholders in Burgundy – the new trading facility for listed Nordic securities, targeted for launch in the first half of 2009.
Burgundy is backed by a large group of leading Nordic banks and securities brokers. The goal is to offer more cost-effective securities trading to members and investors and to strengthen the Nordic region as a financial hub.
“Danske Bank is a leading player in Nordic equity trading and want to take an active role in the transformation on the marketplace that is about to happen in the Nordic region.” comments Henrik Voetmann Mikkelsen, Global Head Equities at Danske Bank.
“We welcome Danske Bank as shareholders of Burgundy and look forward to strengthening our Nordic consortium with another leading market participant. Burgundy will play a pivotal role in transforming the way Nordic securities are traded and the attractiveness of the offering is confirmed by having them onboard.” comments Tom Dinkenspiel, Chairman of the Board.
Burgundy is a customer-focused initiative designed to strengthen the Nordic financial markets, and to provide an alternative to existing trading facilities. The demonopolization of exchanges made possible through MiFID drives, together with technical developments, major changes in the securities markets.
Burgundy shareholders are Avanza Bank, Danske Bank, D. Carnegie & Co, Evli Bank, HQ Bank, Kaupthing Bank (Sverige), NeoNet, Nordnet, SEB, Svenska Handelsbanken, Swedbank and Öhman.
Press contacts for further information are:
Henrik Voetmann Mikkelsen, Global Head of Equities,
Danske Bank, +45-45147305
Tom Dinkelspiel, Chairman of the Board,
Burgundy, +46-708725180