Bloomberg News

Warsaw Won’t Let High-Frequency Trade Proliferate, Parkiet Says

August 16, 2012

Warsaw Stock Exchange (GPW) SA won’t allow a “proliferation” of high-frequency trading on its main market when it introduces a new trading system in November, Chief Executive Officer Ludwik Sobolewski was quoted as saying by Parkiet in an interview.

The exchange plans to launch NYSE Euronext’s Universal Trading Platform on Nov. 2 and expects to attract new investors, among them exchange-traded products, Sobolewski said, according to the newspaper. Changes in the schedule “are possible” due to technology risks, Parkiet quoted Sobolewski as saying.

High-frequency trading now plays a “negligible” role on the Warsaw bourse, Sobolewski said, according to Parkiet.

To contact the reporter on this story: Konrad Krasuski in Warsaw at kkrasuski@bloomberg.net

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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