WSE plans to improve small-cap market

The Warsaw Stock Exchange will take measures to improve the quality of the small-cap NewConnect market, CEO Paweł Tamborski told ISBnews. “We've built up mass on NewConnect, now it's time to mold it. We have the quantity, now we have to focus on quality,” Tamborski said. “Even though this is an alternative market with lower requirements than on the main floor, but trust is of the essence,” he added, explaining that the WSE would be strict is overseeing listed companies  and their brokers. Currently 434 firms are listed on NewConnect. Recently the WSE has fined 12 of them and reprimanded five others for not being in line with regulations. Tamborski also said that the Warsaw bourse would present its new strategy on October 30.