Newex exchange to open Nov.3, perhaps rivaling WSE

A joint project of Deutsche Boerse and the Vienna Stock Exchange called Newex will not be launched until Nov. 3rd, but it is already causing concern among Warsaw Stock Exchange (WSE) players. Russian and Hungarian partnerships will each account for 25% of the listings, with those from the Czech Republic constituting a somewhat smaller percentage, while the rest of the companies will be from Poland, Slovakia and Estonia. Offers presented by Newex are competitive to those of WSE and thus may cause an outflow of some of the most valuable domestic partnerships from the Polish market. Representatives of Newex have not concealed their eagerness to welcome Polish companies, with their huge potential, to the new stock exchange. WSE has plans to becoming the largest exchange in Central Europe, but has done virtually nothing yet to attract foreign companies. Newex is attempting to attract regional companies which have low capitalization and are considered technologically behind and thus not attractive to foreign investors. (Puls Biznesu, pp. 1,10,11