The Warsaw Stock Exchange (GPW) has decided to delay the rollout of its new trading system, GPW WATS, to the end of 2025. This decision follows a recommendation from the recently-established GPW WATS Implementation Committee.
Currently, the exchange still aims to deliver the new system by the end of June 2024. The extended timeline will allow exchange members to complete necessary IT customization projects and conduct thorough testing.
A member of the GPW management board stated, “We recognize that the rollout date for the new trading platform must be optimal for all project stakeholders. We are in ongoing discussions with both Polish and foreign exchange members, as well as independent software vendors (ISVs), and we have collectively agreed to target technical readiness by the end of Q2 2025, with the rollout scheduled for late Q3 and early Q4 2025.”
This postponement follows the recent change in leadership at the exchange, which occurred after the election of a new government that aims to remove state-controlled organizations’ executives seen as political appointees from the previous administration.