Thanks to the new Warsaw GL NET Hub, GL TRADE enables clients to benefit from high performance gateways and ultra low latency market data on Polish and international markets. The groupâs DMA Execution Services offering will allow Polish and Central European institutions to get access to almost 100 financial markets worldwide - Equities, Commodities, Derivatives, Fixed Income and Forex - via GL NET, the proprietary international market data and order routing network it owns and operates.
The WSE gateway was one of the first developed by GL TRADE for Central European Exchanges; extending the Pan-European ASP platform to include access to Polish financial markets reaffirms the long-standing partnership of GL TRADE with the WSE and its leadership in the region. By adding ASP connectivity to the WSE GL TRADE also continues enhancing its Central European exchange connectivity, with access to Budapest, Prague & Vienna live and Bucharest planned for delivery later in 2008.
The WSE is a fast-moving exchange, and one of the most dynamic IPO markets in Europe. In 2007 - with 81 new entrants onto the WSE Main List - it ranked second among the European exchanges. Today there are over 350 companies on the WSE Main List, including 24 foreign corporations; WSE annual equity turnover value exceeded PLN 482 Bn (Euro 127 Bn) in 2007, while its derivatives turnover totalled 9.9 mln contracts. The WSE has 45 members, including 19 foreign members.
Philippe CarrÃ©, Global Head of the Client Connectivity business line at GL TRADE comments: âWe are proud to participate in the development of the Warsaw Stock Exchangeâs international activities. Since its creation GL TRADE has focused on enabling the members of its community to connect to new exchanges. The opening of the first GL NET hub in CEE countries is a good example of our commitment to the financial community, to continue expanding their trading opportunities.â
Izabela Olszewska, Director of Business Network Development Department at WSE remarks: âWe are glad that Warsaw will host the very first GL NET Hub in CEE countries. This serves recognition of our market and its potential to become a truly international financial centre in the region. This solution offers our clients the additional possibility of optimising their trading activities in Warsaw. Today the WSE has 19 foreign remote members - now we look forward to welcoming new members and new investorsâ.