Swiss-based investment bank UBS has applied to the Warsaw Stock Exchange (WSE) for permission to trade Polish stocks directly.
If approved, UBS will be able to trade on its own and its clients’ account directly on the exchange, eliminating the need for local brokers’ services in Poland.
By having control over its connection to the exchange, UBS will also be able to manage its own execution performance and stability and lower costs for clients that want exposure to Polish-listed stocks.
The WSE currently has 18 remote members that are able to trade on the exchange directly, most located within Europe.