GPW stays on course to further develop the capital market: reduced transaction fees on trade in WIG20 futures will apply until the end of H1 2016. Furthermore, GPW waives fees charged to market makers of SME stocks until the end of September. GPW expects that the preferential terms of trading will boost activity in both market segments.
The reduced transaction fees are in place since 1 January 2016. Now, by decision of the GPW Management Board, they will also apply in Q2 and Q3 2016. The fees charged to market makers of WIG20 futures have been reduced by 26.5% (above 15 thousand contracts per month) or 41.2% (above 30 thousand contracts). The preferential terms of trading in this segment are offered until 30 June 2016. The GPW Management Board has decided to waive fees charged on trade in SME stocks on the GPW Main Market for even longer: until the end of Q3 (30 September 2016).
“We offer preferential terms of trading to market makers in order to support the liquidity of trade both in WIG20 futures and in stocks of small and medium-sized companies listed on GPW. In our opinion, these are two very important market segments. Existing experience confirms that reduced fees encourage additional activity of market makers, which enables investors to trade on more attractive terms. This improves the competitiveness of the Polish capital market and supports its further development,” said Grzegorz Zawada, Vice President of the GPW Management Board.
Market makers are local or international investment firms which sign an agreement with GPW to provide quotes (i.e., issue buy and sell orders) for stocks, bonds and other financial instruments listed on GPW’s markets, ensuring liquidity of trade in such instruments. There are now 22 market makers among the 57 investment firms and banks which are active on GPW as well as exchange members. The market makers support trade in securities of nearly 500 companies listed on GPW, most of which are small and medium-sized enterprises.
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GPW Extends Reduced Transaction Fees
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