Trading Technologies Connects to Warsaw Stock Exchange via the TT® Platform
- Trading Technologies International, Inc. (TT) is a global provider of the highest quality professional trading software, infrastructure and data solutions
- Through the TT platform, the company's global users will have access to derivative products listed on the WSE
- Close cooperation between the WSE and TT will allow to increase the liquidity of derivatives listed on the Warsaw Stock Exchange, and will also increase its attractiveness for investors
Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and the Warsaw Stock Exchange (WSE), the national exchange of Poland, today announced that TT’s global user base can now access derivatives products listed on WSE through the TT platform. The addition of WSE to Trading Technologies’ range of connected markets further strengthens the TT offering with seamless access to Central and Eastern Europe’s leading derivatives market.
The exchange’s listings span index futures, single-stock futures, currency futures and index options and include:
- WIG20 index futures and options
- mWIG40 index futures
- USD/PLN, EUR/PLN, GBP/PLN and CHF/PLN FX futures
In 2020, WSE ranked among European leaders in terms of turnover growth. Its main market equities grew by 47.5% year over year (YoY), while its SME Growth Market saw significant action and recorded over 888% YoY growth. At the same time, WSE’s derivatives segment turnover volumes grew by at least 50% YoY in each product line. The WIG20 futures contract, WSE’s flagship derivatives product, is certified by the CFTC, making it available to U.S.-based traders.
“The Warsaw Stock Exchange’s product portfolio has broad appeal to our global FCM partners and their customers as well as some buy-side and commercial users. We are happy to be collaborating with WSE on this mutually beneficial endeavor,” said Steve Stewart, Managing Director, Sales EMEA at Trading Technologies.
“We are glad TT clients will have access to WSE-listed derivatives which strongly supports further development of this market. Apart from introduction of new products, we are focused on broadening the number of market participants active in this segment. Close cooperation with TT will help us bring liquidity to WSE derivatives and make our market more attractive to investors,” said Izabela Olszewska, Member of the Warsaw Stock Exchange Management Board.
With market connectivity that spans six continents, TT’s privately managed infrastructure delivers secure market access and superior performance from anywhere in the world. Designed specifically for professional traders, TT incorporates a broad array of customizable tools to accommodate trading strategies that range from manual point-and-click trading to single-digit microsecond automated order entry.
History of the WSE
On 12 May 1991, the then Ministers of Ownership Transformation and Finance signed the Deed of Incorporation of the joint stock company "Giełda Papierów Wartościowych w Warszawie S.A." Four days later, on the day of the WSE's inaugural session, shares of five companies were traded and the turnover amounted to PLN 1990. Since 2018, the WSE has been classified as one of the 25 developed markets by the FTSE Russell agency. The history of the capital market on Polish soil dates back to the early 19th century. The first in Poland and one of the few in Europe, the Merchant Exchange, was established in Warsaw on 2 May 1817, soon became the largest market in Tsarist Russia, responsible for 5-6% of global securities trading. A thriving stock exchange, accounting for 90% of the domestic turnover, also operated in Warsaw in the interwar period. After the period of the People's Republic of Poland and the planned economy, it was not until 1989, with the political and economic transformation, that the Polish capital market was able to develop again.
Stock exchange today
The average daily EOB equity turnover value on the WSE was PLN 1,172.8 million in June 2021. The Main Market listed 426 companies (379 domestic and 47 foreign) and the NewConnect market listed 365 companies (361 domestic and 4 foreign) as at 30 June 2021. Last year, the WSE Group generated record sales of PLN 403.8 million and one of the highest ever net profits of over PLN 151 million. According to the Federation of European Securities Exchanges, in 2020 the WSE ranked first in Europe in terms of percentage increase in equity turnover and third in terms of the value of initial offerings. At the end of 2020, the WSE was also the second market in Europe in terms of liquidity and achieved the status of world leader in terms of the number of listed companies in the gamedev sector.
WSE position in the region
The WSE is the leader among stock exchanges in Central and Eastern Europe by the number of listed companies and the total capitalisation of domestic companies. The WSE's share in trading on stock exchanges in the region is 81%. The WSE leads the initiative of the Three Seas Stock Exchanges and aspires to the role of a regional hub for young technological companies with huge potential, the so-called unicorns. Negotiations are currently underway for the WSE to acquire a majority stake in the Armenian Exchange.
The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl
Trading Technologies (www.tradingtechnologies.com, @Trading_Tech) creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers. In addition to providing access to the world’s major international exchanges and liquidity venues via its TT® trading platform, TT offers domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance.