Warsaw Stock Exchange introduces co-location services

Source: Warsaw Stock Exchange

The successful introduction of the UTP transaction system at Warsaw Stock Exchange on 15 April 2013 opened new opportunities for participants in the Polish capital markets. The technical parameters of the UTP platform, including its speed, performance and bandwidth make it possible for WSE to offer solutions and services to the market that are of the highest global standards with regards to functionality and technical capability.

These developments will facilitate the introduction of a new segment of clients, boosting levels of algorithmic trading activity.

Co-location will offer clients the fastest execution speeds, as well as fastest access to data. Speeds will increase execution probability and allow for quick responses to market movements. HPA guarantees all clients equal communication time with the UTP system, which will be a maximum of 50 microseconds.

Demand for co-location has come from WSE members, as well as clients, software providers and data vendors both local and international. Apart from the benefits to the market, co-location opens up a new revenue stream for WSE.

Other benefits to members include reduced bandwidth costs and less reliance on network service providers. Co-location will provide client access to all WSE markets.

"The co-location service is currently offered by most of the important global stock exchanges. We are always sensitive to our clients' expectations, so we aim to continually improve our offer by adding new top-level services. As a result of the introduction of Universal Trading Platform at Warsaw Stock Exchange, we strive to systematically increase the competitiveness of our market and improve liquidity in Warsaw." said Adam Maciejewski, WSE Chief Executive. 

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