Gielda Papierow Wartosciowych w Wrszw : GPW Introduces GBP Futures
November 23, 2016 at 10:03 am EST
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2016-11-22 17:54:13
GPW Introduces GBP Futures
GBP futures have been launched on the GPW Main Market as of 21 November 2016,
As of 21 November 2016, the Warsaw Stock Exchange Management Board has launched GBP futures on the main market of the exchange.
'The decision to introduce GBP futures is yet another step in making GPW's offer more attractive to investors. Both currency futures and single-stock futures enjoy strong interest of active market participants,' said Professor Małgorzata Zaleska, President of the Warsaw Stock Exchange.
The addition of GBP futures to the exchange's instrument list is part of GPW's policy to expand its offer for investors. Along with USD/PLN, EUR/PLN and CHF/PLN, GBP/PLN is the fourth currency pair futures contract available for trade.
The following futures expiries were introduced on the 21 November 2016 trading session:
- FGBPZ16 expiring on 16 December 2016
- FGBPF17 expiring on 20 January 2017
- FGBPG17 expiring on 17 February 2017
- FGBPH17 expiring on 17 March 2017
- FGBPM17 expiring on 16 June 2017
- FGBPU17 expiring on 15 September 2017
'The GBP/PLN exchange rate has been very volatile in the past few months. The volatility started with a sharp depreciation of the GBP following the Brexit referendum, when the GBP/PLN rate dropped from 6.10 to nearly 4.55, representing a decrease of more than 25%. It was a major change because the forex market is usually much less volatile. The most interesting session took place on 7 October, when the daily variation was more than 6%, offering great opportunities to short-term investors. The sentiment calmed down temporarily until the US presidential election, when GBP started to appreciate against PLN. Whichever turn the currency pair now takes, the GBP/PLN exchange rate is likely to remain highly volatile,' said Paweł Małmyga, Analyst of Dom Maklerski PKO Banku Polskiego SA.
WSE - Warsaw Stock Exchange SA published this content on 22 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 November 2016 15:02:29 UTC.
Original documenthttps://www.gpw.pl/wydarzenia_en/?ph_tresc_glowna_start=show&ph_tresc_glowna_cmn_id=59387
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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.