Burgundy increases its connectivity with TMX Atrium

27 March 2012

Burgundy increases its connectivity with TMX Atrium

The Burgundy multilateral trading facility (MTF), which is owned by the major Nordic banks and offers a regional platform for trading securities, has increased its connectivity by agreeing a link to TMX Atrium’s global community.

The deal takes advantage of the investment TMX Atrium made last year in establishing a high-speed cable path between London and Stockholm in response to growing client demand. A number of smaller Nordic venues and market participants are now using this infrastructure, but the Burgundy connectivity arrangement will considerably improve the volumes going over the network and the number of traders.

Connecting to Burgundy gives existing TMX Atrium participants further choice in the rapidly changing Nordic markets and is part of the firm’s strategy to try and break into new regions. TMX Atrium currently has over 300 end data points available on its infrastructure and covers 11 countries using 25 points of presence. “We operate as a vendor neutral infrastructure specialist to ensure that our members benefit from access to venues and markets as required … and we are responding to customer demand for increased market coverage,” explained Emmanuel Carjat, managing director of TMX Atrium.

By Neil Ainger

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