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

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Aug. 16 (Bloomberg) -- Warsaw Stock Exchange 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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