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GPW Promotes Development of New Technologies

GPW Promotes Development of New Technologies

PRESS RELEASE
 

• GPW opens a programme supporting technological development of the capital market
• The Exchange’s Technology Development Support Programme has been developed in a dialogue with brokers, who will be offered discounts if they invest in technology
• The initiative is designed to improve the competitiveness of Exchange Members and make the capital market more attractive

Technological development is a part of the long-term growth strategy of the Warsaw Stock Exchange and the capital market. Guided by this objective, the GPW management in communication with the broker community has decided to launch an innovative Programme for Exchange Members as of 1 March 2019.

The Programme has been developed following consultations with brokers. It offers discounts on some exchange fees to brokers who invest in their technological capacity and thus improve the quality of their service.

“We are glad that we have developed the Exchange’s Technology Development Support Programme in partnership with brokers grouped in the Chamber of Brokerage Houses. We have taken a completely new approach to market challenges and come up with new solutions, which will provide an incentive to further operation of the broker community and make the entire capital market more attractive. We expect that the joint initiative will help to grow the size and liquidity of the market, bringing business benefits to all market participants, including retail and institutional investors. In the era of globalisation, state-of-the-art technologies and the quality of regulation are the two key drivers of the competitive advantage of the exchange and the market participants,” said Izabela Olszewska, GPW Management Board Member.

The Programme will cover a range of investments, including the acquisition of licences, improvement of the technological capacity of market makers and the institutional sell-side, the development and acquisition of applications for retail investors.

The Programme is addressed to all GPW members operating directly on the Main Market in shares and derivatives and on NewConnect as at 28 February 2019 who apply for participation in the Programme by 31 March 2019.

The technical parameters of the GPW platform, including its speed, capacity and performance, support solutions and services of world-class functional and technical quality and the development of new investment techniques.