ATS to compete with WSE, provide market for small-company shares

According to the Securities and Stock Exchange Commission (KPWiG), this will be an opportunity for smaller enterprises to collect necessary funds, and for whom the costs of entering the bourse are too high. According to experts, the introduction of ATS should not negatively affect the regulated market. "With the current technological level of the WSE, ATS will become as popular in Poland as in other European countries [5% of the total value of transactions]. One should always take into consideration potential competition. We will compete with the quality of services and the transparency of the market, as well lowering fees," said Piotr Szeliga, deputy president of the WSE. Brokerage houses are rather pessimistic about the new solution and are not yet planning to implement it. (Parkiet, p. 1) M.M.