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• Migration from the WSE’s system Warset to the Universal Trading Platform (UTP) in November 2012.
• UTP education and information campaign launched at the WallStreet Conference in Zakopane
In November 2012, the Polish capital market will undergo a major technological and qualitative break-through: the implementation of the new trading system on the Warsaw Stock Exchange. The Universal Trading Platform (UTP) acquired by the WSE from NYSE Euronext is a trading system which integrates the highest global technology standards and is now used by the stock exchanges in New York, Paris, Lisbon, Amsterdam, and Brussels. This November, the Warsaw Stock Exchange joins the group and gets access to the global technology infrastructure which has for years served investors around the world.
The implementation of the WSE’s new trading system entails a major change for all market participants: exchange members, data vendors, and investors. It is therefore no coincidence that the education and information campaign focusing on the new trading technology and its importance to the future of the Polish capital markets has been launched at the WallStreet Conference. The event organised for the 16th time by the Association of Individual Investors (SII) brings together over 800 participants every year and is the biggest initiative addressed to retail investors in this part of Europe.
The goal of the campaign launched by WSE CEO Ludwik Sobolewski in Zakopane is to introduce a broad group of exchange investors to UTP functionalities and specificities. The WSE has planned initiatives including training and workshops addressed to market participants, a new tab devoted to the new system in the online service www.gpw.pl, and webcasts outlining the opportunities opened by the new trading technology. The opportunities are many, both for WSE product development and from the perspective of exchange investors.
Compared to Warset, the WSE’s new trading system will be faster, more efficient and scalable. Its throughput will increase, enabling the WSE to support new, previously unavailable types of orders and offer new trading-related services. The vast opportunities opened by UTP will be used by investors to a different degree but each user of the new trading system will experience improvement of technical parameters.
“The implementation of UTP is a key strategic factor of further growth of the Polish capital markets and an inherent and complementary element of activities pursued by the Warsaw Stock Exchange for many years as part of its mission to make Polish economy ever more competitive. I am convinced that all market participants will benefit from this major technological change, not only due to improved technical parameters of trading on the WSE but also because the new trading technology will serve as an incentive for further technological development of local financial institutions and will doubtless foster new attitudes and behaviours among Polish investors. We hope that the information campaign launched today will play a pivotal role in the process,” said Mr Ludwik Sobolewski at a meeting with retail investors in Zakopane.
