Poland’s Warsaw Stock Exchange has introduced co-location systems designed to appeal to high-frequency traders, as Italy clamps down on HFT with Europe’s first HFT-specific tax. The moves highlight ongoing national and international divisions over the role of HFT in capital markets.
Following the news that Polish banks will work together on establishing a common mobile payment infrastructure, Philippe Eschenmoser, head of business consulting at SIX Payment Services, explains why other European banks should learn from the Polish market.
Mobile payments looks set to receive a boost in Poland after six banks announced they will collaborate to create a new standard in the country.
Poland’s Warsaw Stock Exchange has been added to TMX Atrium’s trading infrastructure, one week after the exchange switched to its new UTP trading system built by NYSE Technologies.
Technology company NCR has introduced contactless ATMs in Poland that allow customers to withdraw cash without inserting a card, through a joint project with MasterCard and ING Bank Slaski.
PKO Bank Polski has added a mobile payment service that covers all payment situations using the Mobile Everywhere platform from Stockholm-based Accumulate.
Poland’s Warsaw Stock Exchange has set a date for its migration onto NYSE Euronext’s UTP trading system.
Polish clearing house KPDW CCP has deployed technology from Nasdaq OMX to help it meet the European Commission’s new EMIR rules on OTC derivatives. Under EMIR, the majority of OTC derivatives will have to be centrally cleared via central counterparties. The rules are intended to reduce systemic risks in financial markets by removing the possibility […]
SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
