As at 8 April 2013, 52 out of 57 Exchange Members declared readiness for migration to UTP.
With a view to safety of market participants, there will be no trading session on 16 April 2013.

The most recent meeting of the WSE with representatives of brokerage houses - Exchange Members has confirmed the first day of availability of the new trading system on the WSE and Exchange Members' client systems previously scheduled for 15 April 2013.

"Our brokerage house partners and their software vendors have worked very hard in the last weeks so that we could say today that the market is ready for migration to UTP on 15 April.

The implementation of the new technology which conforms to the top global standards will allow for the development of new classes of instruments and give access to new functionalities including new investment techniques and trading techniques such as algorithmic trading. I welcome today's decision to complete this break-through project on the Polish capital market, which has engaged more than a hundred entities, in accordance with the previously agreed timetable. However, since our overarching objective is to assure our clients in Poland and abroad that the WSE and the brokerage houses put safety of trading and safety of their transactions first, we have accepted an initiative of project participants and jointly decided to modify the rules of trading in the week of UTP implementation. The modification involves a day without a trading session on 16 April to minimise risks, particularly the clearing of transactions in brokerage houses," said Adam Maciejewski, CEO and President of the Warsaw Stock Exchange.

As at 8 April 2013, 52 out of 57 Exchange Members declared readiness for migration to UTP. The Exchange Members who have not declared readiness include one domestic entity and four foreign entities. In addition to nearly all brokerage houses, the Polish Financial Supervision Authority (KNF), the National Depoository for Securities (KDPW), KDPW_CCP and BondSpot are also ready to work with the new system.

The Universal Trading Platform (UTP) conforms to the top global standards and addresses the growing requirements of market participants while ensuring the organisation of trading in line with global trends. UTP has been developed by NYSE Technologies and is familiar to international investors and brokers on the biggest global markets: the same platform is used by the NYSE Euronext securities exchanges in New York, Paris, Lisbon, Amsterdam and Brussels.

UTP is much faster and offers superior performance, scalability and capacity than the legacy system. In practice, UTP can handle several dozen times more orders within the same time (20 thousand orders per second v. ca. 850 orders per second in Warset). In addition, latency (response time to submitted orders) in UTP will be cut to under a millisecond. With UTP, the Polish capital market opens up to new groups of investors including large global investment firms engaged in algorithmic trading. Algorithmic trading already accounts for 40 to 60 percent of all trade globally and its share is most likely to grow further along. This presents an opportunity for growth and gives local Exchange Members a chance to increase their revenues with the implementation of innovative solutions.