Nyse Euronext has won a beauty parade to provide a new trading platform for the Warsaw Stock Exchange.
The Polish bourse went to tender for a new exchange trading platform after it failed to sell off a majority stake in the state-owned enterprise late last year.
News of the deal was revealed in a television interview by Polish treasury minister Aleksander Grad. "I won't sin if I reveal that Nyse Euronext is the one," he said. "A business partner will cooperate to help the Warsaw stock exchange build its value in the region, but this is not a capital tie."
The 99% state-owned Warsaw exchange was established in 1991, with its platform based on the old pre-merger Euronext NSC system as used by the Paris bourse.
Nyse Euronext and Warsaw officials have declined to comment on Grad's statement.