The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange. The latter is a UK-based company launched last October that plans to operate as a Multilateral Trading Facility in the pan-European equities trading market. By introducing innovative order types and subscription pricing, Aquis Exchange seeks to revolutionize the landscape of European trading. It is still awaiting regulatory approval.

GPW's intends to buy a partial stake on Aquis to manage revenue and decrease risks in income generation. The GPW is partly owned by the Polish government and has a market cap of PLN 1.6 billion or USD 506 million. It is currently central and eastern Europe's largest stock exchange. GPW's yearly turnover is pegged at more than PLN 200 billion. A possible merger is also in the offing with GPW and another bourse operator in Vienna, Reuters reported.