WSE to invest in new transaction system

The Warsaw Stock Exchange (WSE) has decided to start building its own transaction system. The value of the project is PLN 90 million with the National Center for Research and Development (NCBR) to provide PLN 30 million in co-financing. To date (from 2013), the WSE has been using the UTP (Universal Trading Platform).

“The new platform means the possibility of reducing transaction costs and introducing new functionalities for exchange members, issuers and investors. The system will be defined by a high degree of reliability and security. We are already thinking about the commercialization of this new solution in the markets of Central and Eastern Europe and the Middle East,” Marek Dietl, president of the WSE management board, said.

(WBJ)