The National Depository for Securities (KDPW), the Polish CSD, is opening a new direct link with the Latvian Central Depository.
They signed an agreement in June 2012 that provides for the clearing and settlement of trades in shares of companies that are dual listed on the Warsaw Stock Exchange and the stock exchange in Riga, Latvia, which is a part of the Baltic market exchanges of Nasdaq OMX.
Iwona Sroka, the president and CEO of KDPW, said: “KDPW is working actively to enable foreign issuers to be listed on the Warsaw trading floor and for them to raise capital from a broad range of investors present in the Polish market. Latvian issuers seeking capital can take advantage of the offer and the benefits of the Polish stock exchange, its business environment and infrastructure.”
“We believe such a complementary offer may benefit both the Warsaw and the Riga stock markets by stimulating their growth.”
KPDW opened a link with the Sibiu Depository in Romania in March 2012. It has also opened links in Slovenia, Bulgaria, Canada and Lithuania.
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