Warsaw Stock Exchange
Implementation of Modern System for Brokers
Details of implementation
The aim of the project, which began in September 2017, was to provide selected trading participants cooperating with the WSE access to a modern, safe and reliable trading solution compliant with the MIFID II regulation. Its implementation was also to enable the internal consistency of the activities of these organizations with the new regulations.
For the Client, the unquestionable challenge was the short time required to implement the project, consistent with the date of entry into force of MiFID II, and the need to implement the requirements formulated on the basis of the dynamically changing content of technical standards. Another challenge was the need to implement the system in the WSE’s environment, which, due to the specificity of its operations, imposes high requirements on safety, reliability and availability.
The Warsaw Stock Exchange (the WSE) is the largest exchange in the region of Central and Eastern Europe. With over 25 years of experience, high security of trading, operational reliability and a wide range of products, the WSE is one of the most recognizable Polish financial institutions in the world. Its markets include shares and bonds of over one thousand domestic and foreign issuers, as well as derivative instruments. In 2016, it generated sales revenues of PLN 310.9 million and had 187 employees.