Polish Power Exchange (Towarowa Giełda Energii S.A., “PolPX”)
PolPX is the only licensed commodity exchange in Poland. Since 2000, PolPX operates an energy market whose participants are the largest energy companies in Poland and the CEE Region. PolPX operates trading in electricity, natural gas and property rights in certificates of origin of electricity. Thanks to its experience in the implementation of innovative solutions and state-of-the-art IT infrastructure, in 2005 and 2007 PolPX was invited to establish and operate the Register of Certificates of Origin of electricity generated from renewable energy sources and high-efficiency co-generation: a pioneering project in Europe which supports producers of energy from those sources with market instruments. PolPX opened a natural gas market in 2012.
The Polish Power Exchange is the sole shareholder of the Warsaw Commodity Clearing House. WCCH operates a clearing house and a settlement system for transactions in financial instruments other than securities within the meaning of the Act on Trading in Financial Instruments and in exchange commodities within the meaning of the Act on Commodity Exchanges.
WSE holds 100% of shares in PolPX share capital, which gives the right to exercise 100% of votes at the general meeting.
BondSpot S.A.
BondSpot operates trade in Treasury and non-Treasury debt securities on three trading platforms:
- Treasury BondSpot Poland
- Regulated Over-The-Counter Market
- Alternative Trading System
Treasury BondSpot Poland market is a wholesale market in Treasury bonds and an integral part of the Treasury Securities Dealer system co-ordinated by the Ministry of Finance. The main objective of the system is to reduce public debt servicing cost by improving the liquidity, transparency and efficiency of the Treasury securities market.
The Regulated Over-The-Counter Market and the Alternative Trading System (ATS) are part of Catalyst. They offer wholesale trade in municipal bonds, corporate bonds, bank bonds and mortgage bonds, as well as Treasury bonds.
WSE holds 92.96% of the company’s share capital, which gives the right to exercise 92.96% of votes at the general meeting.
WSEInfoEngine S.A.
WSEInfoEngine provides services to energy market participants (energy traders, industrial customers, energy producers and foreign investment banks). Its activity covers three main segments:
- operation of an OTC commodity trade platform – InfoEngine OTC;
- energy services for energy market participants including: InfoEngine OR – Market Operator service for market participants, and InfoEngine UE – energy and advisory services for energy market participants: industrial customers, energy traders, energy producers;
- consulting, project and implementation services for WSE Group companies.
WSE holds 100% of shares in the company’s share capital, which gives the right to exercise 100% of votes at the general meeting.
Instytut Rynku Kapitałowego – WSE Research S.A.
Following the take-over of the media business from WSEInfoEngine in Q2 2013, the company provides investor relations and public relations services to companies listed on WSE and organises capital market training.
IR/PR services include among others organisation of General Meetings, interpretation, online transmissions and video productions. The company owns GPW Media – the Internet MultiMedia Platform available to all entities present on the capital market to support mutual communications.
WSE holds 100% shares in the company’s share capital, which gives the right to exercise 100% of votes at the general meeting.
WSE Commodities S.A.
WSE Commodities is 100% controlled by WSE. It will become a holding of the WSE Group commodity market business. WSE intends to transfer to WSE Commodities 100% of shares held in PolPX Group companies and WSEInfoEngine.