XTB and X Open Hub (WSE:XTB), as a part of one capital group, have been recognized as a leader and top venue in Poland by the country’s Central Securities Depository (KDPW). As such, the companies have collectively been awarded the Best Quality Reporting to KDPW prize for 2017, solidifying their stance as a leading trading authority in Poland.
KDPW_CCP is a Polish entity, representing a CCP (central counterparty) clearinghouse responsible for the clearing of transactions on the regulated European market and in the alternative trading systems, and the operation of a clearing guarantee system.
The award reflects XTB’s efforts to promote consistent and harmonized regulations at the European level, which have had a collective and positive impact on broker-client relationships. As a registered and publicly listed company, XTB and X Open Hub have continued to emphasize the importance of safety and compliance services.
X Open Hub’s CEO Michal Copiuk, commented on the award and acknowledgement from one of Poland’s leading market authorities: “This prestigious award recognises the high quality of our services. It is confirmation that our company meets all global standards and is developing dynamically. We are proud that our work is appreciated and used as a model for running a fully compliant financial business.”
Indeed, XTB has gone through extensive efforts over the past few years to meet all European standards. The group is fully authorized and regulated by the UK’s Financial Conduct Authority (FCA), the Polish KNF, CySEC, IFSC in Belize, CMB in Turkey and passported to over ten EU countries.
XTB’s partner, KDPW Trade Repository, fulfills all trade repository requirements under EMIR and is a registered (ESMA) repository. Of note, KDPW is among the first entities in the world accredited to issue LEI codes.