Warsaw Stock Exchange
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| Warsaw Stock Exchange | |
| Logo goes here | |
| Founded | 1991 |
|---|---|
| Headquarters | Warsaw, Poland |
| Key People | Ludwik Sobolewski, president |
| Products | Cash equities, bonds, index futures and options, stock options and currency futures |
| Web site | http://www.gpw.pl/index.asp |
The Warsaw Stock Exchange (WSE) is an electronic platform offering trading, clearing and settlement of cash equities, bonds and derivatives. It hosts Poland's benchmark Wig-20 stock market index.
A senior NYSE Euronext executive stated in late January 2008 that the WSE was a potential acquisition target[1].
Contents |
History
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The first stock exchange in Warsaw was opened on May 12, 1817, focusing on bonds and other debt instruments, with equities not added until the second half of the 20th century. Before the second world war seven stock exchanges operated in Poland.
The WSE re-emerged after the end of the communist era in 1989, with the Warsaw Stock Exchange joint-stock company established by the state treasury in April 1991[2].
Currently, the WSE has 38 shareholders, including brokerage houses, banks, a listed company and the state treasury.
Structure and Regulation
The main equities market lists 304 domestic companies and 23 foreign companies at December 31, 2007, and equity volume rose from Zl339bn in 2006 to Zl479bn in 2007. Futures volumes rose from 6.4m contracts in 2006 to 9.5m in 2007.
The WSE is overseen by Poland's Financial Supervisory Commission, and trading hours are from 9.00am to 4.30pm.
Product Development
The futures market started on January 16, 1998 with the launch of Wig-20 index contracts[3]. Corporate bonds were added in 2006
References
- ↑ NYSE Euronext Seeks Purchases, Eyes Warsaw, Athens Exchanges. Bloomberg. Retrieved on January 29, 2008.
- ↑ Annual report. WSE. Retrieved on January 31, 2008.
- ↑ Annual report. WSE. Retrieved on January 31, 2008.
