A review of the 6th Derivatives World Central and Eastern Europe, held on October 3, 2013 in Warsaw.
Over 230 delegates at the 6th Derivatives World
Central and Eastern Europe gathered in Warsaw this month to
exchange views on the development of the regional derivatives
Coming just days before the Warsaw Stock Exchange launched
its Wibor interest rate contracts, the most eagerly anticipated
launch in years in the region, and just weeks after the Vienna
Stock Exchange announced it was pulling out of derivatives
trading, the future of the region's derivatives markets will be
driven by Poland.
"The creation of a regional exchange is what the market
wants," said Izabela Olszewska, director of market development
at the Warsaw Stock Exchange. "The biggest challenge to that is
the post-trade environment.
"One option is to have one clearinghouse of the region but
that risks the creation of a monopoly in terms of pricing. It
will also have to be established how risk can be managed across
borders. Regulators need to work together across the region,"
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