The Polish Financial Supervision Authority has approved changes to the Warsaw Stock Exchange’s (WSE) alternative trading system regulations that will allow the bourse to launch the unregulated trading portion of its new CATALYST corporate and municipal bond market on 6 October.
CATALYST will comprise four platforms operated by the WSE and BondSpot (formerly MTS CeTO), the group’s debt securities market and trading system, offering both regulated and alternative, unregulated trading systems for wholesale and retail investors.
From 30 September, issuers and investors will be able to access the WSE and BondSpot’s regulated CATALYST trading platforms, along with the issue placement and registration mechanisms. On 6 October, WSE and BondSpot will each launch alternative trading systems for CATALYST bonds.
CATALYST, first announced on 4 September, aims to facilitate and optimise the issuance of corporate and municipal bonds. According to the WSE, the system has been designed to accommodate various sizes and types of bond issue. The exchange believes CATALYST will aid the development of the Polish capital market and boost the competitiveness of the country’s economy.