The Warsaw Stock Exchange’s (WSE) move to become a dominant player in the central and eastern European region has been extended by the launch of its latest development in latency reducing techniques. The Polish exchange has announced that it will offer trading participants co-location facilities in Warsaw. The new service is expected to attract a wave of high frequency and algorithmic traders.
The new service will be delivered by the exchanges new platform, Universal Trading Platform (UTP), which has been supplied by NYSE Technologies, a division of NYSE Euronext. Traders will benefit from high-speed access to Warsaw’s vast range of financial instruments. Participants will connect with the UTP system, which will take a maximum of 50 microseconds.
Adam Maciejewski, Chief Executive of the WSE spoke about the new launch in a statmenet, he commented: "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."
The Warsaw Stock Exchange launched the UTP platform earlier this year in April, its aim to be a financial hub of the region was strengthened with a 30% stake in the newly formed Aquis Exchange.
