Warsaw Stock Exchange to migrate in April
Poland’s Warsaw Stock Exchange has set a date for its migration onto NYSE Euronext’s UTP trading system.
On 13 April, the WSE will move to the new system, bringing the Warsaw stock market onto the same technology platform as Amsterdam, Brussels, Lisbon and Paris.
The confirmation follows a series of technical and acceptance tests at the WSE to prepare for the migration and ensure that there are no glitches.
Exchange technology changes have sometimes been problematic in other European markets. In 2011, the London Stock Exchange experienced a series of embarrassing technology problems as it attempted to move onto its new MillenniumExchange platform.
“The Warsaw Stock Exchange has entered the stage of fine-tuning the system parameters before the phase of migration from Warset to UTP,” said Adam Maciejewski, president of the WSE management board. “We are working together with our partners to conduct this very important technology project on the Polish capital market smoothly within the entire community.”
Poland’s WSE currently has a market capitalisation of approximately €120 billion, according to figures provided by the Federation of European Securities Exchanges.