Warsaw Stock Exchange: Winners Of The Third Super Market Maker Competition Announced

•  The WSE has closed the third edition of the competition for Super Market Makers of the top seven most liquid companies
•  Super Market Makers of the third edition begin to operate on 1 August 2011

The goal of this initiative of the Warsaw Stock Exchange is to create conditions for growth of trading in shares of participating companies by extending and enriching the order book and to recognise the most active brokers acting as market makers for the most liquid listed companies. The competition covers the top seven companies in the WIG20 index ranking.

The WSE attaches great importance to measures improving the liquidity of trading in listed financial instruments to the advantage of all market participants.

For the purpose of the competition, TOP7 are defined as the companies in positions from 1 to 7 in the WIG20 ranking at the end of April 2011:

The required terms offered by Super Market Maker competition participants are: minimum value of offer at least PLN 100 thousand, maximum spread 1.5%. The market makers participating in the competition presented proposals on terms better than the required minimum.  Three Super Market Makers offering the best market making terms have been selected for each of the TOP7 companies.

Competition winners:

The competition winners will apply the proposed terms for the next six months (from August to January) and will take advantage of special financial bonuses offered by the WSE.