Warsaw Bourse Switches to NYSE Platform as Volumes Surge
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The Warsaw Stock Exchange switched to NYSE Euronext’s new trading system to speed up transactions after stock turnover on central Europe’s fastest-growing equity market soared almost four-fold over the past decade.
The operator entered a strategic partnership with NYSE Euronext in 2010 and bought its Universal Trading Platform, which enables high-frequency transactions. The number of companies listed on Warsaw’s main market has doubled, while the average daily turnover soared to about 750 million zloty ($238 million) since the previous Warset system was started in 2000, according to data on the exchange’s website.