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On 26 November 2009, the London based Remote Member of the Warsaw Stock Exchange (WSE), BofA Merrill Lynch, acting through Merrill Lynch International, which is authorised and regulated by the UK’s Financial Services Authority, commenced trading on the WSE on behalf of clients and for its own account.
“We are proud to strengthen our involvement in the Polish market,” commented Mark Lear, Managing Director and Head of Emerging Market Equity Trading. “By going live as a Remote Member we are now able to offer more efficient and effective access to the Polish market for our large international equity client base and demonstrate our long-term commitment to the Polish capital markets.”
BofA Merrill Lynch joined the growing group of WSE Remote Members on 25 June 2009. Remote membership gives foreign brokers direct access to the WSE system without the need for a physical presence in Poland.
The first WSE Remote Member was approved in July 2005, and as of 26 November 2009, there were 18 Remote Members on the WSE from Austria, the Czech Republic, Estonia, France, Germany, Hungary, Slovakia, Sweden, and the UK.
BofA Merrill Lynch is a leading global provider of equity and options trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions. BofA is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
