KPWiG could motion to delay introduction of new IT system to the WSE

If the Securities and Stock Exchange Commission (KPWiG) decides that the introduction of the new Warsaw Stock Exchange (WSE) IT system Warset will cause disturbances on the WSE, it will motion for delaying the move, said KPWiG head Jacek Socha. However, he added that the WSE knows best how well market participants are prepared for the move and it is unlikely the WSE and KPWiG would have differing opinions on the matter. KPWiG has sent a special survey on preparations for Warset, the efficiency of the system and the potential threats it carries to brokerage firms. Socha will meet with heads of brokerage firms on Sept. 20, nine days before Warset is set to be introduced. According to Parkiet sources, brokerage firms are complaining they still have not received the final version of the Warset software. (Parkiet, page 1)