Bank Austria Creditanstalt (BA-CA) a member of Unicredit Group, has become a full member on the equity and the derivatives market of the Warsaw Stock Exchange. A direct line has been set up between the trading floors of BA-CA in Vienna and the Warsaw Stock Exchange, thus enabling Austrian and international clients to efficiently trade in Polish equities. BA-CA activity will begin on the cash market, and soon after will be broadened for derivatives market.
The connection has been switched on this morning.
“We noticed that there is increasing demand of retail and institutional investors and brokers in Polish equities. By setting up this direct connection between Vienna and Warsaw we are following our clients’ needs”, explained Martin Rauchenwald, Head of Equities at UniCredit Markets and Investment Banking and Member of the Managing Board of CA IB International Markets AG. 11 traders at BA-CA successfully passed the admission tests required by the Warsaw Stock Exchange and are ready to trade in Polish equities as of today.
“We have remarked an increasing interest in our market from foreign investors. The decision of BA-CA regarding the direct membership of the WSE is an evidence of this statement. We are strengthened in our conviction that the Warsaw Exchange may play a role of a region leader. We strongly believe that presence of such a superb partner like BA-CA in Warsaw will attract new investors to invest in our market and to participate actively in IPOs. Polish IPO market is currently one of the most successful ones in Europe. This year I expect around 30-40 debuts in total and among them foreign ones. The Warsaw Stock Exchange is becoming an important source of financing for enterprises in the region.”, said Mr Adam Maciejewski, Board Member of the WSE.
