# Warsaw Stock Exchange/ Equities/New Connect-MTF

> Market financing the growth of young companies with a large growth potential, organised and operated by the WSE

**Wikidata**: [Q10855618](https://www.wikidata.org/wiki/Q10855618)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/NewConnect)  
**Source**: https://4ort.xyz/entity/warsaw-stock-exchange-equities-new-connect-mtf

## Summary
The Warsaw Stock Exchange/Equities/New Connect-MTF (XNCO) is a specialized market operated by the Warsaw Stock Exchange (WSE) to finance young companies with high growth potential. Launched in 2007, it provides a platform for emerging businesses to access capital through a multilateral trading facility (MTF), fostering innovation and economic development in Poland. It is distinguished by its focus on early-stage enterprises and electronic trading infrastructure.

## Key Facts
- **Operator**: Warsaw Stock Exchange (WSE).
- **Inception**: 2007.
- **Location**: Warsaw, Poland.
- **MIC Market Code**: XNCO (assigned 2008).
- **Type**: Multilateral trading facility (MTF) and stock market.
- **Primary Purpose**: Financing growth-stage companies with significant expansion potential.
- **Website**: https://www.newconnect.pl (Polish language).
- **Aliases**: WARSAW STOCK EXCHANGE/ EQUITIES/NEW CONNECT - MTF, XNCO.
- **Parent Organization**: Warsaw Stock Exchange.
- **Wikipedia Languages**: English (en), Polish (pl).
- **Identifiers**: Freebase ID /m/09rv55g; Fandom article ID 3218 (trader:NewConnect).
- **Sitelink Count**: 2.

## FAQs
- **What is the Warsaw Stock Exchange/Equities/New Connect-MTF?**  
  It is a market operated by the Warsaw Stock Exchange to support young, high-growth companies through a multilateral trading facility (MTF), launched in 2007.

- **How does New Connect-MTF differ from the main WSE?**  
  It specializes in early-stage companies with high growth potential, using an electronic MTF structure, whereas the main WSE caters to larger, established firms.

- **What is the MIC code for New Connect-MTF?**  
  The MIC code is XNCO, assigned in 2008, enabling electronic trading and market identification.

- **Where is New Connect-MTF based?**  
  It is located in Warsaw, Poland, under the operatorship of the Warsaw Stock Exchange.

- **What is the primary function of New Connect-MTF?**  
  To provide capital access to young companies, driving innovation and economic growth in Poland through a dedicated trading platform.

## Why It Matters
The Warsaw Stock Exchange/Equities/New Connect-MTF plays a critical role in Poland’s financial ecosystem by bridging the gap between emerging businesses and investors. It addresses the challenge of funding for high-potential startups, enabling them to scale operations and contribute to economic advancement. As a regulated MTF, it ensures transparency and liquidity, fostering investor confidence in early-stage ventures. Its electronic infrastructure aligns with modern trading standards, positioning Poland as a hub for entrepreneurial growth in Central and Eastern Europe.

## Notable For
- **First Polish MTF for Growth Companies**: Launched in 2007 as a dedicated platform for young enterprises.
- **Electronic Trading Focus**: Utilizes a multilateral trading facility (MTF) with MIC code XNCO for efficient transactions.
- **WSE Affiliation**: Operated by the Warsaw Stock Exchange, ensuring regulatory oversight and market integration.
- **Specialized Market**: Exclusively serves high-growth companies, distinguishing it from traditional stock exchange segments.
- **Dual-Language Documentation**: Recognized in Polish and English Wikipedia entries, reflecting its national and international relevance.

## Body
### Overview
The Warsaw Stock Exchange/Equities/New Connect-MTF (XNCO) is a multilateral trading facility (MTF) established in 2007 by the Warsaw Stock Exchange (WSE). It operates as a specialized market for young companies with significant growth potential, providing access to capital through electronic trading systems. The platform is integral to Poland’s financial infrastructure, supporting innovation and economic development by connecting emerging businesses with domestic and international investors.

### History
- **Inception**: Launched in 2007 under the operatorship of the WSE to address the funding needs of early-stage companies.
- **MIC Code Assignment**: Received the Market Identifier Code (MIC) XNCO in 2008, formalizing its status as a recognized trading venue.
- **Digital Presence**: Documented in Polish and English Wikipedia entries, with a dedicated website (https://www.newconnect.pl) in Polish.

### Operations
- **Market Structure**: Functions as an MTF, enabling electronic trading of securities for growth-oriented companies.
- **Regulatory Framework**: Governed by WSE rules, ensuring compliance with Polish and EU financial regulations.
- **Listing Criteria**: Targets companies with high expansion potential, offering a streamlined process for capital raising compared to traditional stock exchange listings.

### Relationships
- **Parent Organization**: Wholly operated by the Warsaw Stock Exchange, leveraging its institutional expertise and infrastructure.
- **Affiliations**: Part of Poland’s broader capital markets ecosystem, collaborating with brokers, investors, and regulatory bodies to facilitate transactions.

### Technical Specifications
- **MIC Code**: XNCO (active since 2008), critical for electronic trade identification and routing.
- **Identifiers**: Freebase ID /m/09rv55g and Fandom article ID 3218 (trader:NewConnect), enhancing data integration across financial platforms.

### Market Impact
- **Economic Role**: Serves as a catalyst for entrepreneurship in Poland, enabling startups to secure funding for scalability.
- **Investor Access**: Provides domestic and international investors with opportunities to engage with high-growth sectors, including technology and innovation-driven industries.

### Cultural and Linguistic Context
- **Localization**: Website and primary documentation in Polish, reflecting its national focus, with English-language resources for international engagement.
- **Global Recognition**: MIC code XNCO and Wikipedia entries in two languages underscore its relevance in European capital markets.

### Governance
- **Operational Oversight**: Managed directly by the WSE, ensuring alignment with national financial stability goals and investor protection standards.
- **Transparency**: Adheres to WSE disclosure requirements, promoting trust among market participants and regulators.

## References

1. Market Identifier Code