First Nordic MTF to Go Live Friday

Officials at Burgundy are planning a soft launch this Friday, May 8, with trading in five Swedish equities and an exchange-trading fund (ETF), according to Olof Neiglick, CEO of Burgundy.

After the Swedish cash equities market, the Danish, Norwegian and Finnish markets will be introduced on May 15, 22 and 29, respectively. "We'll take them on a weekly basis because it's a new system and fragmentation is new in the Nordic market," Neiglick says. The full rollout will be completed on June 12, when

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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