Warsaw Stock Exchange to transform, launching Warset system tomorrow

The Warsaw Stock Exchange (WSE) IT system Warset will be launched tomorrow, marking the most fundamental change in the history of the bourse. "We have accepted the statement by Warsaw Stock Exchange representatives (WSE) on the readiness to begin listings in the new system. This means the exchange is prepared and there are no signals that change-over should not take place," said Jacek Socha, head of the Securities and Exchange Commission (KPWiG). A group of brokerage firms has suggested that perhaps no trading should take place today in order to prepare well for Friday's launch. However, WSE decided that today's session will take place, but it will be two hours shorter, ending at 2 p.m. (Parkiet, p.1)