Activities of the Group

Abstract

The WSE Group pursues activities on the financial market and the commodity market.

The WSE Group pursues activities on the financial market and the commodity market.
  • The financial market includes trading in equities, derivatives, debt instruments and other financial instruments, as well as listing and information services.
  • The commodity market includes trading in electricity, natural gas (spot and forward) and property rights in certificates of origin of energy, as well as operation of the Register of Certificates of Origin of electricity (“RCO”), clearing of transactions, settlement of exchange commodities and management of the resources of the clearing guarantee system.
The Group organises and operates trading:

ON WSE MARKETS

  • WSE Main Market (trade in equities, equity-related financial instruments and other cash markets instruments as well as derivatives);
  • NewConnect (trade in equities and equity-related financial instruments of small and medium-sized enterprises);
  • Catalyst (trade in corporate, municipal, co-operative, Treasury and mortgage bonds operated by WSE on the regulated market and in the alternative trading system for retail clients);

ON THE MARKET OPERATED BY BONDSPOT

  • Treasury BondSpot Poland (wholesale trade in Treasury bonds);
  • Catalyst (trade in corporate, municipal, co-operative, Treasury and mortgage bonds operated by BondSpot on the regulated market and in the alternative trading system for wholesale clients);

ON THE MARKETS MANAGED BY THE POLISH POWER EXCHANGE

  • Energy Markets (trading in electricity with physical delivery on the following markets: Intra-Day Market, Day-Ahead Market, Commodity Forward Instruments Market, Electricity Auctions);
  • Property Rights Market (trading in property rights in certificates of origin of electricity);
  • CO2 Emission Allowances Market (trading in CO2 emission allowances);
  • Gas Exchange (trading in natural gas with physical delivery on the Intra-Day Market and the Commodity Forward Instruments Market).
The Group conducts clearing and settlement on the commodity market through the company Warsaw Commodity Clearing House (“WCCH”) and operates the Register of Certificates of Origin of electricity through the company PolPX.
On 15 October 2013, the WSE subsidiary WSEInfoEngine S.A. opened InfoEngineOTC, a platform of OTC trading in commodities (in the first phase, electricity and certificates of origin).
The WSE Group also earns revenues from the activity of trade operator on the electricity market and from educational activities, office space lease and promotions.