Finansinspektionen, Sweden's financial supervisor, has approved Burgundy's application to operate a regulated market as an exchange. The move sees Burgundy join Nasdaq's OMX Stockholm and Nordic Growth Market (NGM) as the third exchange in Sweden.
According to a release from Finansinpektionen, Burgundy has been given a licence to operate a market for listing and trading warrants, certificates, structured products and exchange traded funds. It will continue to offer trading in securities with primary listings on other regulated markets and multilateral trading facilities (MTFs) on its own MTF, it said in a release.
The company has offered trading in securities listed on exchanges in Denmark, Finland, Norway and Sweden since June 2009.