JPMorgan today announced that its GlobeClear business will now offer third party clearing for Warsaw Stock Exchange (WSE) members who wish to trade Polish securities.
JPMorgan will be providing clearing and settlement capabilities to clients who want to transact in equities and fixed income products on the WSE. This latest offering marks the 23rd exchange supported directly by JPMorgan GlobeClear.
Additionally, JPMorgan announced that its first client went live on the WSE with JPMorgan GlobeClear on 5 August 2008.
Alex Dockx, Globeclear product executive, JPMorgan, said: ""By providing direct access to the WSE, international investors can now directly trade in one of the most promising and vibrant markets in Europe. Central Eastern European markets are rapidly growing, and the WSE is a leading trading centre. Through JPMorgan GlobeClear's single access portal, which provides clearing and settlement of trades in more than 65 markets and 23 exchanges, clients benefit from a wide coverage at low cost."