Warsaw Stock Exchange partners Euronext

Warsaw Stock Exchange partners Euronext

Pan-European exchange Euronext is extending its influence eastwards with the signing of a cross-membership and cross-access agreement with the Warsaw Stock Exchange (WSE), the largest equities market in central and eastern Europe.

The agreement - which excludes ownership rights - will allow WSE members access to Euronext products and vice versa, and enable dealers to trade products from each exchange on a single screen.

The interconnection of the cash trading platforms will be implemented this year. WSE, which has long had a close relationship with the former Paris Stock Exchange, uses a trading platform based on the Euronext NSC system. The technical links for the derivatives trading platforms will be operational in 2004.

Wieslaw Rozlucki, president & chief executive officer of the WSE says: "By signing this agreement we hope to bring Polish market closer to foreign investors and extend the range of products and services offered to our clients".

The agreement with the WSE caps a winning period for Euronext - formed from a merger between the Paris, Brussels and Amesterdam bourses - following on from its successful takeover of London futures market Liffe and recent merger deal with the Portuguese stock exchange BVLP.

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