Warsaw Pushes Debt Trading on Fastest-Growing Europe Market
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The Warsaw Stock Exchange, Europe’s fastest-growing equity market, is seeking to boost corporate bond trading by allowing banks for the first time to buy and sell the securities without using a broker.
The bourse’s two-year-old Catalyst bond market, with more than 30 billion zloty ($9.5 billion) of debt, had 3.4 million zloty of trades yesterday, compared with an average daily turnover of 1.12 billion zloty in stocks this year. The amount of trading in Polish non-state debt was less than 5 percent of the transactions on the Istanbul Stock Exchange in the first eight months of the year, according to data from the Federation of European Securities Exchanges.