Warsaw stock exchange to get some competition this fall

In 2 week's time, a new Austrian-German exchange known as Newex is to open and may pose a serious threat to the Warsaw Stock Exchange (WSE). It will quote shares from central European businesses. It is a joint venture between Deutsche Borse and Wiener Borse. Each partner has a 50% stake in Newex. In the future Newex may also trade in hi-tech stocks. Initial investment by the founding companies is about euro 10 million. (Parkiet, page 1) A.D.