GIELDA PAPIEROW WARTOSCIOWYCH WARSZAWIE : Resolution No. 991/2014
September 01, 2014 at 10:04 am EDT
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2014-09-01 15:55:33
Resolution No. 991/2014
Resolution No. 991/2014
of the Warsaw Stock Exchange Management Board
dated 29 August 2014
concerning temporary reduction of certain exchange fees
charged on the WSE Main Market
Pursuant to § 178 of the Exchange Rules, the Exchange Management Board resolves as follows:
§ 1
1. Subject to sub-paragraph 2, the fee referred to in point 5.2.1(a) of Exhibit 1 to the Exchange Rules for futures contracts on the WIG20 index with a multiplier of PLN 20, charged on turnover made as part of the market making tasks for such contracts, shall be reduced to nil.
2. The reduction referred to in sub-paragraph 1 shall be granted to a market maker for a calendar month in the period from 1 September 2014 to 31 October 2014 provided that the volume of futures contracts referred to in sub-paragraph 1 concluded within that month by the market maker is higher than, respectively:
1) 40,000 contracts - in September 2014,
2) 40,000 contracts - in October 2014.
§ 2
This Resolution shall enter into force on 1 September 2014.
Gielda Papierow Wartosciowych w Warszawie SA (Warsaw Stock Exchange, GPW) is a Poland-based stock exchange. It is a parent entity of WSE Group that offers products and services within its trading markets of equity, derivate, fixed income and structured products. It also distributes market data. The Company has two business lines: Financial market, which includes trading in equities, derivatives, fixed-income and other instruments, listing, and information services; and Commodity market, which includes trading in electricity and property rights in certificates of origin, operation of a register of certificates of origin, clearing, trade and technical trade operator services. As of December 31, 2011, it operates two wholly owned subsidiaries, WSEInfoEngine SA, providing data transmission and information services; and Instytut Rynku Kapitalowego WSE Research SA, engaged in publishing; as well as 92.47%-owned BondSpot SA.
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