The board of the Warsaw Stock Exchange (WSE) has admitted another two investment firms to operate on its market in July, taking the number of foreign members to 27, one less than the number of Polish members.
BNP Paribas Arbitrage, part of the investment solutions segment of BNP Paribas Group, the French banking and brokerage firm, will trade securities and derivatives on its own account.
VTB Capital, the investment banking arm of Russian financial services giant VTB Group, will also join the WSE and trade securities on its own account. VTB Group is majority owned by JSC VTB Bank, Russia's second biggest bank by assets.ӬVTB Capital operates from offices in Moscow, London, Singapore and Dubai.
“The more members of the stock exchange from the eastern markets, as well as those to the west from Warsaw, the better opportunities for investors, which is the main result of the WSE development strategy” said Ludwik Sobolewski, the president and CEO of WSE.
The Warsaw Stock Exchange has members from 13 other countries: Hungary; the Czech Republic; Austria; Bulgaria; Cyprus; the United Kingdom; France; Germany; Sweden; Romania; Slovakia; Lithuania; and Estonia.