In October, 2009:
- The average daily turnover was EUR 56.7 (72.7) million, a decrease of 22.0 %.
- The average number of trades per day was 6,187 (4,704), an increase of 31.5%.
- The trading participant with the highest turnover was Svenska Handelsbanken with a turnover of EUR 441.1 (893.9) million, a decrease of 50.7 %.
- The most traded instrument was Volvo B, with a total turnover of EUR 107.8 (120.8) million.
Olof Neiglick, CEO of Burgundy said: “During October Burgundy introduced CCP-clearing, thereby improving efficiency and competitiveness for the region. The CCP clearing has also lead to an increasing interest for Burgundy from international banks and investment firms. We have added our second international investment firm as a trading participant and there are more firms showing interest. The average number of trades per day increased by 31.5 % to 6,187 (4,704). There was a record for the number of trades on 2 October, with 8,928 (7,055) trades. After the strong turnover development in September we have seen a decrease in turnover in October, due to trading participants’ lack of technical readiness and automation of trading which means that the trading volumes still are highly dependent on manual trading. Burgundy’s average daily turnover in October was EUR 56.7 (72.7) million. The turnover record for the month was on 2 October, with a turnover of EUR 136.0 (160.7) million. Burgundy’s average Swedish market share* was 3.7 (4.6) % during the month and reached a peak market share on 2 October with 8.1 % of the Swedish primary market. The other Nordic countries; Finland, Norway and Denmark are still at testing levels and we expect them to get started later this year.”