GPW And KDPW_CCP Promote Small And Medium-Sized Companies

• GPW and KDPW_CCP have decided to temporarily waive fees charged from market makers of small and medium-sized companies
• The goal is to promote the liquidity of trade in shares of small and medium-sized companies listed on the GPW Main Market and on NewConnect
• The promotion is open from 1 July to 31 December 2015

The Warsaw Stock Exchange and KDPW_CCP have opened a promotion where transaction fees and clearing fees charged on trade in shares of small and medium-sized companies by Market Makers on GPW and NewConnect have been temporarily waived. The promotion applies to market making for all stocks other than WIG20 stocks. The promotion is open from 1 July to 31 December 2015.

“Market Makers are offered more advantageous terms of trading on the stock market, which should bolster the liquidity of trade in stocks of small and medium-sized companies listed on GPW,” said Grzegorz Zawada, Vice-President of GPW.

“The fee reduction is aimed at enhancing the attractiveness of investment on the local capital market and improving its competitiveness. Together with GPW, we strive to stimulate the growth of the cash market and its investor pool,” said Iwona Sroka, President of KDPW_CCP.

Market makers are brokers or banks which are required under an agreement with GPW to provide quotes (buy and sell orders) for stocks, bonds and other financial instruments listed on the GPW markets.

The GPW Main Market and NewConnect list more than 900 companies, the vast majority of which are small and medium-sized enterprises. 56 investment firms and banks are exchange members operating directly on GPW, including 20 Market Makers for stocks.

Two foreign investment firms which are not exchange members are External Market Makers for stocks of companies listed on the GPW Main Market. The clearing house KDPW_CCP has 37 participants: banks and brokers active on the Polish market.