WSE And Exchange Members Agree Modifications To The Trading Session Timetable

• Brokerage houses – Exchange Members and the WSE Management Board have agreed modifications to the trading timetable on 28 March 2013.
• According to the agreement, the trading session will start at 08:45 on the futures market and at 09:00 on the cash market; trading will close at 17:05 on both markets.

Meetings of the Exchange Management Board and representatives of the Council of Brokerage Houses and the Management Board of the Chamber of Brokerage Houses have been held on 27 and 28 March to agree modifications to the continuous trading timetable on the markets organised by the WSE. The parties have reached an agreement concerning the modified timetable.

“I am positive that our agreement demonstrates genuine commitment to the interests of the market and mutual respect. The agreement will help us focus on the key issues crucial to the competitiveness of the WSE and the Polish capital market in the future including the safe implementation of the new trading system UTP and use of the business opportunities it offers,” said Adam Maciejewski, CEO and President of the Warsaw Stock Exchange.

According to the agreement, the trading session will start at 08:45 on the futures market and at 09:00 on the cash market. Trading will close at 17:05 on both markets.

The new trading timetable on the Warsaw Stock Exchange will come into force as of the first day of availability of the trading system UTP, i.e., on 15 April 2013. The proposed modification of the timetable is temporary and will remain in force until 31 December 2013, which will enable the WSE and other market participants to assess the business impact of the decision and to survey investor preferences during 2013. Further decisions in this matter will be made no later than 4 weeks before the year’s end.

Key information about the new continuous trading timetable: