WSE aims to stimulate derivatives market with fee cuts
Warsaw Stock Exchange (WSE) has reduced operating fees in single-stock futures
contracts, allowing institutional investors to trade blocks of listed derivatives
at lower cost.
block trades where the volume exceeds 1,000 futures contracts, the exchange
will waive the operating fee will for that part of the fee that exceeds 1,000
contracts. The maximum fee for a block trade in single-stock futures is now €83 for client trades and €20 for market maker
trades. The minimum volume of a block trade is 200 contracts.
aim is that the bigger the volume traded, the lower the operating cost of
opening or closing a position per contract. The reduction applies to both
client trades where the fee is €0.08 per contract and market maker trades where the fee is
KDPW_CCP clearing house has introduced the same reduction of fees for the registration
of single-stock futures contracts, of which there are 22 listed on the WSE. The
underlying instruments are shares of companies listed on the WSE main market,
including 18 stocks from the large-cap WIG 20 index.
Polish exchange has been competing to attract foreign investors and boost
liquidity levels in recent months. In May, the WSE launched
a new central and eastern European stock index listing companies based on their
country of origin.