Poland Is Upgraded to Developed Markets in the FTSE Russell Classification
The Polish capital market was upgraded to Developed Markets in the FTSE Russell classification on 24 September 2018. The key drivers of the upgrade included the quality of infrastructure in the area of services offered by the KDPW Group.
The key criteria of markets evaluated by the London-based index provider include the availability of omnibus securities accounts and account segregation, service quality and competition of custodian banks, as well as the settlement cycle (T+2 in Poland).
The upgrade of the Polish market is a major distinction, which opens the opportunity to promote the country’s capital market, including the availability of post-trade services offered by the KDPW Group through the central securities depository and the clearing house KDPW_CCP.
Poland is the first CEE country to be upgraded from Emerging Markets to Developed Markets. KDPW participated in the promotion accompanying the upgrade of Poland to Developed Markets. KDPW CEO Maciej Trybuchowski took part in the Market Open ceremony at the London Stock Exchange, a meeting at the Polish embassy in London, and the Bloomberg Live conference “Charting Poland’s Future: Spotlight on Growth & Innovation”.
The decision to upgrade Poland to Developed Markets was announced a year ago and took effect on 24 September 2018. With the upgrade, Poland joins the 25 most advanced global economies including the USA, the UK, Germany, France, Japan and Australia.