
Warsaw Stock Exchange is the largest national financial instruments exchange in the region of Central and Eastern Europe and one of the fastest-growing exchanges in Europe.
The parent entity of the Giełda Papierów Wartościowych w Warszawie S.A. Group (“the Group”) is Giełda Papierów Wartościowych w Warszawie Spółka Akcyjna (“WSE”, “the Company”, “the Exchange” or “the parent entity”) with its registered office in Warsaw, ul. Książęca 4.
WSE started operation in 1991 as a company held 100% by the State Treasury. In 2010, the State Treasury arranged a public offering of WSE shares; as a result, shares of the Exchange were newly listed on the WSE Main Market on 9 November 2010.
Warsaw Stock Exchange is the largest national financial instruments exchange in the region of Central and Eastern Europe1 and one of the fastest-growing exchanges in Europe. The Group offers a wide range of products and services within its trading markets of equity, derivative, debt and structured products, electricity, natural gas, property rights, as well as clearing of transactions, operation of the Register of Certificates of Origin of electricity and sale of market data.
As at 31 December 2013, WSE was a leader in the CEE Region in terms of capitalisation of listed companies, the value of turnover in shares and the volume of turnover in derivatives. The share of WSE in trading in shares in the Region increased from 54.3% in 2012 to 58.5% in 20132. Furthermore, the electricity market comprised of the spot and the forward market operated by the Polish Power Exchange (“PolPX”), was the largest electricity market as measured by the volume of trade in 2013 in the CEE Region.
WSE Milestones
| 1990 | |
| 16.10 | Poland and France sign a co-operation agreement to launch Warsaw Stock Exchange |
| 1991 | |
| 16.04 | First trading session takes place; listed companies: Tonsil, Próchnik, Krosno, Kable, Exbud |
| 1994 | |
| 16.04 | WIG20 price index launched |
| 7.11 | Central Securities Depository of Poland (KDPW) becomes a separate legal entity – a joint stock company, initially owned by WSE and the State Treasury |
| 1995 | |
| 20.04 | First continuous trading session |
| 1998 | |
| 16.01 | Derivatives market launched - WIG20 futures introduced to trading |
| 2000 | |
| 17.11 | New Warsaw Stock Exchange Trading System (WARSET) launched |
| 2003 | |
| 14.10 | First foreign company listed on WSE |
| 2004 | |
| 3.06 | WSE becomes a full member of FESE (Federation of European Stock Exchanges) |
| 15.12 | Best Practices in WSE Listed Companies 2005 approved by the WSE Supervisory Board and Management Board |
| 2005 | |
| 11.07 | First remote exchange member starts its activities |
| 2007 | |
| 30.08 | NewConnect, a new market for dynamically growing start-ups, launched |
| 2008 | |
| 25.06 | WSE Representative Office in Kiev, Ukraine, opened |
| 2009 | |
| 11.03 | Acquisition of a majority stake in BondSpot (formerly MTS-CeTO) |
| 30.09 | CATALYST, the organised market in debt securities, launched |
| 2010 | |
| 12.07 | Technology co-operation agreement signed with NYSE Technologies |
| 9.11 | WSE shares newly listed on the exchange |
| 2012 | |
| 4.01 | WSE bonds introduced to trading on Catalyst |
| 24.02 | WSE acquires a controlling stake in Polish Power Exchange |
| 20.12 | Gas Exchange launched on PolPX |
| 2013 | |
| 15.04 | The new trading system UTP (Universal Trading Platform) is available |
| 19.08 | Acquisition of interest in Aquis Exchange |
| 23.09 | Publication of WIG30 and WIG30TR |
| 18.12 | Exchange’s new strategy, WSE.2020, approved by the Exchange Management Board |
Basic information about the parent entity:
| Name and legal status: | Giełda Papierów Wartościowych w Warszawie Spółka Akcyjna |
| Abbreviated name: | Giełda Papierów Wartościowych w Warszawie S.A. |
| Registered office and address | ul. Książęca 4, 00-498 Warsaw, Poland |
| Telephone number: | +48 (22) 628 32 32 |
| Telefax number: | +48 (22) 628 17 54, +48 (22) 537 77 90 |
| Website: | www.gpw.pl |
| E-mail: | gpw@gpw.pl |
| KRS (registry number): | 82312 |
| REGON (statistical number): | 12021984 |
| NIP (tax identification number): | 526-02-50-972 |
[1] Stock exchanges of the region of Central and Eastern Europe (“Region”) include the stock exchanges in Poland, the Czech Republic, Slovakia, Slovenia, Bulgaria, Romania, Austria and Hungary.
[2] Source: Thomson Reuters. Value of session trading (order book)
