General information on the Group

Abstract

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)