On July 11, 2005, the first Warsaw Stock Exchange Remote Broker transaction premiered in the Polish market, according to Bank BPH.
This first trade is to be settled by Bank BPH, which has been appointed as clearing agent for the first active remote broker in the Polish market.
To date, four remote brokers have been admitted to trading on the Warsaw bourse. Several others have either already submitted their applications or are expected to do so in the near future.
“Remote membership on the Warsaw Stock Exchange widens the investment possibilities for foreign investors and may help increasing the local market liquidity in the long run, said BPH’s Head of Custody Krzysztof Pekrul.