BT provides high speed connectivity to new trading platform for Nordic shares

Burgundy selects Radianz Shared Market Infrastructure

BT today announced that Burgundy, a new trading platform for Nordic shares, will use the Radianz Shared Market Infrastructure to provide high speed connectivity services for order flow and market data.

Burgundy is a membership based Multilateral Trading Facility (MTF) for trading Nordic securities. The trading facility is owned by the leading Nordic banks and securities trading firms.

Olof Neiglick, CEO of Burgundy, said: “We chose to work with BT because they have a demonstrable track record as a trusted provider of high speed connectivity and other services. The Radianz Shared Market Infrastructure provides quick and easy access to the financial community as well as ultra high speed, low latency connectivity.

“In addition, we needed to move quickly to get this infrastructure in place and BT is able meet our timetable for delivery.”

The Radianz Shared Market Infrastructure is one of the largest dedicated networks for the financial services industry and provides fast, secure, reliable connectivity to a global community of trading-related partners, financial applications and services.

Phil Mottram, BT Global Services, said: “We are delighted that Burgundy has chosen to work with us to provide its members with connectivity services. We already work with a number of leading MTFs and today’s announcement cements our position as the industry’s preferred partner and the first choice for fast access to the financial community.”