We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » October 1, 2010
Business & Economy
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
NYSE Euronext Boss at WSE
October 1, 2010   
Article's tools:

Duncan L. Niederauer, the chief executive of NYSE Euronext, came on a working visit to the Warsaw Stock Exchange (WSE) in September.

Niederauer met with WSE chief executive Ludwik Sobolewski to discuss the situation on capital markets and the strategic partnership between the NYSE Euronext and the WSE.

In mid-July, NYSE Euronext and WSE announced a strategic, long-term partnership to work out business initiatives to benefit both parties and prepare the migration of the WSE transaction platform to the NYSE Technologies Universal Trading Platform (UTP). The partnership may help the WSE grow, as NYSE Euronext is a global business managing financial markets and sharing innovative trading technology. Stock markets which NYSE manages in Europe and the United States trade in shares, forward contracts, options and other stock market instruments. Stock markets owned by NYSE Euronext, including the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca, trade a total of around 8,000 financial instruments (excluding European structured products) and generate one-third of the global volume of trading.

As part of the long-term contract, NYSE Euronext will give WSE cash and derivatives markets access to the UTP platform. NYSE Euronext and the WSE will consider new ideas regarding trading, data distribution and business development to benefit investors and issuers by providing them with a wide range of financial instruments.

Niederauer said that the partnership with WSE was not only about selling new technology. For the WSE, access to the modern platform also entails better access to investors. According to Niederauer, thanks to the platform customers will be able to use the WSE as a hub for investment in the region. Niederauer declined to say whether NYSE Euronext was considering taking a stake in the WSE, which is preparing for an initial public offering. “We are focusing on business partnership for now,” he said.

The strategic partnership with NYSE Euronext should further consolidate the position of the WSE in Europe. The latest data from the Federation of European Stock Exchanges, released after the first half of this year, indicates the WSE is increasingly outpacing other stock exchanges in Central, Eastern and Southeastern Europe. The value of Polish companies listed at the WSE totals 115 billion euros, which is 55 percent more than in Vienna and over twice the value of companies traded in Athens.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE