The Warsaw Stock Exchange and the National Stock Exchange of Lithuania have signed today in Warsaw a Memorandum of Co-operation (MoC).
This MoC will pave the way to even closer co-operation between the two Exchanges. The co-operation will cover not only sharing of information and experience on the functioning and promotion of the two markets, but also sharing of technology.
The MoC envisions the following areas of co-operation:
- mutual promotion both markets in their respective investment communities
- sharing of information
- harmonisation of market regulations
- technical co-operation
Both Exchanges declare to bring closer their capital markets and to allow investors from both countries to trade securities listed on their markets. The co-operation between the Exchanges is expected to facilitate and stimulate cross-border trading in the future. As the first step, working groups were created to identify, analyse and evaluate various fields of activities that could bring potential benefits for both markets. The Exchanges shall also investigate a possibility of implementing on the National Stock Exchange of Lithuania a trading system based on the WARSET technology. The Exchanges believe that their co-operation will increase their competitiveness in the industry in the era of globalisation and international alliances.
The signatories of the Memorandum were Rimantas Busila, President and Chairman of the Management Board of the National Stock Exchange of Lithuania and Wieslaw Rozlucki, President and Chief Executive Officer of the Warsaw Stock Exchange.
