As the Warsaw Stock Exchange gets ready to introduce a new trading system, IT providers are waiting for a storm of orders from brokers and traders.

The WSE is looking to eliminate its existing Warset trading platform is favor of a UTP system similar to the one currently used by new partner NYSE-Euronext. The cash market is expected to make the switch at the start of 2012, with derivative markets following suit in the following quarter.

That's a very quick change, stress the country's brokerage houses. The largest brokers are expected to invest as much as several million złoty apiece into new IT technology and equipment needed for a smooth transition to the new system.

The WSE itself is expected to spend as much as €30 million (zł.120 million) on upgrades relating to the introduction of the UTP.

Poland AM