The National Center for Research and Development (NCBR) and the Warsaw Stock Exchange (GPW) have signed a contract for co-financing EU research and development to support the construction of the new WSE Trading Platform.

– Poland is one of the leaders of changes in the development of innovation in the financial and capital markets. We also have funds that allow financing innovative projects – said Deputy Prime Minister, Minister of Science and Higher Education Jarosław Gowin during signing the agreement between the NCBR and the WSE.

The estimated cost of the project will amount to about PLN 90 million. The grant from the NCRR’s “Fast Track” competition reaches PLN 30.27 million.

The creation of the proprietary trading system will meet the needs of the market and the implemented Capital Market Development Strategy. The new platform means the possibility of reducing transaction costs and introducing new functionalities for exchange members, issuers and investors – said Marek Dietl, President of the WSE Management Board.