On February 17 the German bank Dresdner Bank AG became the first remote member of the Warsaw Stock Exchange
Published:
6 March 2005 y., Sunday
On February 17 the German bank Dresdner Bank AG became the first remote member of the Warsaw Stock Exchange (WSE).
The bank will be represented on the WSE by its investment bank Dresdner Kleinwort Wasserstein (DrKW).
Hungarian Concorde Securities and Swedish Fisher Partners Fondkommission also filed their applications, which will be discussed at the next meeting of the Supervisory Board.
According to WSE representatives, this means that by the end of the year there could be as many as 10 remote members on the stock exchange.
"By the end of the year we expect from two to seven new applications for remote membership to be filed. We are already holding talks with a couple of London banks," said Marcin Wójcicki, vice-director of the Listing Department at the WSE.
Remote membership gives the foreign brokers direct access to the systems of the WSE without the necessity of their actual physical presence in the country, or local intermediation. The stock exchanges in Prague and Budapest have no remote members. At the largest markets in Europe remote membership is very common, constituting around one-third of all members.
According to DrKW representatives, introducing this type of membership, which proved to be very successful on other markets, will greatly benefit the WSE.
Šaltinis:
Warsaw Business Journal
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »