Press release 11 MAY 2012

Burgundy launches competitive clearing

Burgundy is pleased to announce todays launch of a competitive clearing service which enables our customers to choose between EMCF and SIX x-clear, both leading European clearinghouses. As from today, customers trading on Burgundy and other European platforms offering interoperable CCP clearing can now save capital and optimize clearing costs by consolidating their flow to their preferred clearinghouse. This follows the trend in Europe to introduce competition at all layers of a transaction while at the same time reducing risk.

Olof Neiglick, CEO of Burgundy, said This is an important strategic milestone for our clients as we are the first Nordic exchange that offers choice in the increasingly important clearing landscape. In the last three years we have seen a radical transformation in the way equity trading takes place, resulting in lower transaction costs for investors. Now we are taking the next step by...