The Association of Individual Investors has published the results of the recent National Investor Survey. The National Depository is the strategic partner of the survey. During the presentation of this year’s survey results, KDPW President and CEO Iwona Sroka also discussed the activity of individual investors on other European markets.
According to the survey conducted by the European Central Securities Depositories Association (ECSDA) on request of KDPW, Poland is the CEE market with the most active individual investor community. “As measured by the number of securities accounts on the surveyed markets, Poland is the regional leader. The number of accounts in Lithuania, Latvia or Estonia is under 500 thousand,” said KDPW President and CEO Iwona Sroka. “By comparison, there are over 1.5 million accounts on the Polish market,” said Ms Sroka.
Source: ESCDA
According to information compiled by ECSDA, there are 468 thousand brokerage accounts on the Lithuanian market, 41 thousand accounts in Latvia, and 126 thousand accounts in Estonia. The Finnish market has a relatively high number of 1.2 million accounts. There are 127 thousand accounts in Slovenia.
Central securities depositories use two approaches to information about the number of securities accounts operated by participants. Some CSDs, including KDPW, collect reports on the number of accounts operated by participants (Lithuania, Latvia, Estonia, Finland, etc.). Other CSDs do not collect such information.
In Poland, KDPW Participants (banks and brokers) report the number of operated securities accounts on a monthly basis. The National Depository publishes such information early each month.
“The number of securities accounts on the Polish market has nearly doubled in the last eight years. There were over 1,525 thousand accounts at the end of October 2011,” said Iwona Sroka. The number of accounts has increased by 48 thousand year to date in 2011.
Source: KDPW, based on information from Participants. For 2004-2010: year-end data; for 2011: end of October data.