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- Futures on shares of Grupa Budimex S.A., Dom Development S.A. and Inter Cars S.A. will be introduced to trading on the Warsaw Stock Exchange on 18 September 2023
- Three series of futures will be traded, expiring in December 2023, March and June 2024
- In addition, GPW is reducing the multiplier for the newly introduced series of futures on shares of Kruk S.A. from 100 to 10
In view of growing investor interest in the shares of Grupa Budimex S.A., Dom Development S.A. and Inter Cars S.A., GPW will introduce futures on the shares of these companies to trading on 18 September 2023. Three series of futures for each of the stocks will be traded, expiring in December 2023, March and June 2024. Each futures on shares of Grupa Budimex S.A. and Inter Cars S.A. corresponds to 10 shares and each futures on shares of Dom Development S.A. to 100 shares. The liquidity of the new instruments will be supported by Bank Handlowy w Warszawie and Raiffeisen Bank International, and in the case of futures on shares of Grupa Budimex S.A. also by Trigon Dom Maklerski.
“We are steadily developing GPW’s offer on the derivatives market and we are ready to quickly introduce new futures to trading if there is strong investor interest in the underlying where we have established cooperation with a market maker. We also strive to respond to the current needs of investors when it comes to the size of contracts already listed on GPW,” said Izabela Olszewska, Member of the Management Board of the Warsaw Stock Exchange.
Given the recent rise of Kruk S.A.’s share price, GPW is reducing the multiplier for the newly introduced futures on Kruk S.A. shares. Along with the new futures, a new series of futures on Kruk S.A. shares will be introduced on 18 September, each corresponding to 10 shares instead of 100. This change is aimed at lowering the entry threshold for retail investors thanks to a 10 times lower margin level.
As of 18 September, GPW will offer a total of 43 single-stock futures: https://www.gpw.pl/instrumenty-pochodne
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The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl
