JPMORGAN LAUNCHES CLEARING FOR WARSAW STOCK EXCHANGE

Posted August 20, 2008

LONDON – JPMorgan’s GlobeClear business has begun offering third-party clearing for members of the Warsaw Stock Exchange (WSE) trading Polish securities.

“By providing direct access to the WSE, international investors can now directly trade in one of the most promising and vibrant markets in Europe,” says Alex Dockx, Product Executive, GlobeClear, JPMorgan. “Central Eastern European markets are rapidly growing, and the WSE is a leading trading center. Through JPMorgan GlobeClear’s single-access portal, which provides clearing and settlement of trades in more than 65 markets and 23 exchanges, clients benefit from a wide coverage at low cost.”

GlobeClear is a suite of products for global clearance, collateral management and integrated financing, enabling clearance for 23 exchanges and more than 65 over-the-counter markets, including the US Federal Reserve and the Depository Trust & Clearing Corporation (DTCC).

JPMorgan’s first client went live on the WSE through GlobeClear on August 5. GlobeClear is handling equities and fixed-income product transactions.