XTB, X Open Hub Awarded KDPW’s Prize for Best Quality Reporting in 2017

XTB and X Open Hub (WSE:XTB), as a part of one capital group, have been recognized as a leader and top venue in Poland by the country’s Central Securities Depository (KDPW). As such, the companies have collectively been awarded the Best Quality Reporting to KDPW prize for 2017, solidifying their stance as a leading trading authority in Poland.

KDPW_CCP is a Polish entity, representing a CCP (central counterparty) Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term responsible for the clearing of transactions on the regulated European market and in the alternative trading systems, and the operation of a clearing guarantee system.

The award reflects XTB’s efforts to promote consistent and harmonized regulations at the European level, which have had a collective and positive impact on broker-client relationships. As a registered and publicly listed company, XTB and X Open Hub have continued to emphasize the importance of safety and compliance services.

X Open Hub's CEO Michal Copiuk, commented on the award and acknowledgement from one of Poland’s leading market authorities: “This prestigious award recognises the high quality of our services. It is confirmation that our company meets all global standards and is developing dynamically. We are proud that our work is appreciated and used as a model for running a fully compliant financial business.”

Indeed, XTB has gone through extensive efforts over the past few years to meet all European standards. The group is fully authorized and regulated by the UK’s Financial Conduct Authority (FCA), the Polish KNF, CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, IFSC in Belize, CMB in Turkey and passported to over ten EU countries.

XTB’s partner, KDPW Trade Repository, fulfills all trade repository requirements under EMIR and is a registered (ESMA) repository. Of note, KDPW is among the first entities in the world accredited to issue LEI codes.