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Further to a resolution of the WSE Management Board passed on May 17, 2007 , the standards of WSE traded stock futures will be changed starting from the Sept. 24, 2007 session. The resolution is harmonizing contracts' mutlipliers (the number of shares per contract), increasing transaction volume limits and lowering transaction fees.
As of Sept. 24, all stock futures multipliers will be set to 100. This means a significant decrease in the required deposit for KGHM, PKN ORLEN, PKO TP, whose multiplier is currently at 500. In the case of AGORA, the multiplier is currently at 200. The multipliers of PEKAO, BZWBK and PROKOM will remain unchanged at 100.
In addition to harmonization of multipliers, the Resolution brings an increase of transaction volume limits:- increase of the max. transation volume per order from 100 to 500 contracts,
- increase of the block trade volumes: min. from 200 to 500 contracts per trade; max. from 1600 to 4000 contracts per trade.
A further change brought by the May 17 Resolution lowers transaction fees charged to WSE Members by the National Depository for Securities and the Warsaw Stock Exchange. As of Sept. 1, the transaction fee has been reduced from 2,5 PLN to 0,38 PLN (73% decrease).
