.jpg)
- The World Federation of Exchanges has approved the Warsaw Stock Exchange (GPW) as a WFE Affiliate
- The WFE has accepted GPW’s application to start the process of becoming a full member
The World Federation of Exchanges (WFE) approved the application of the Warsaw Stock Exchange (GPW) to become a WFE Affiliate. This establishes a partnership between GPW and WFE including the exchange of information and statistics as well as the participation of GPW in certain events organised by WFE. GPW’s affiliate status is an interim step towards full membership of the Federation.
“We are very pleased to have established a partnership with the World Federation of Exchanges (WFE) which gathers over 250 market infrastructure operators. What we bring into this community is the great success story of the Polish capital market which joined the world’s developed markets twice as fast as the markets in South Korea or Israel. Our success has not left us complacent. Over the past four years, we have developed advanced technological solutions for stock exchanges and their clients. WFE offers great opportunities to build business relations with our colleagues from other exchanges and be part of an organization, and policy dialogue, that shapes the future of our industry," said Marek Dietl, President of the Management Board of GPW.
In order to obtain the affiliate status of the World Federation of Exchanges, an applicant must have significant influence on the development of the capital market in its country or region. Another prerequisite is membership of the local regulator in the International Organization of Securities Commissions, which comprises financial market regulators and supervisors. The financial market regulator in Poland has been a member of IOSCO since 1991.
The WFE also approved GPW’s application to open the process of becoming a full member of the Federation.
