Activities

The parent entity and the subsidiaries of the Group pursue activities on the financial market and the commodity market.

  • The financial market includes trading in equities, derivatives, debt instruments and other financial instruments, as well as listing and sale of market data.
  • The commodity market includes trading in electricity and natural gas (in spot and forward transactions) and property rights in certificates of origin of energy, as well as operation of the Register of Certificates of Origin of electricity (“RCO”), clearing of transactions, settlement of exchange commodities and management of the resources of the clearing guarantee system.

The Exchange organizes and operates trading:

On WSE markets

  • WSE Main Market (trade in equities, other equity-related financial instruments and other cash markets instruments as well as derivatives);
  • NewConnect (trade in equities and other equity-related financial instruments of small and medium-sized enterprises);
  • Catalyst (trade in corporate, municipal, co-operative, Treasury and mortgage bonds operated by WSE on the regulated market and in the alternative trading system for retail clients);
  • poee WSE Energy Market (Daily-Hourly Electricity Market, Electricity Forward Market);

On the market operated by BondSpot

  • Treasury BondSpot Poland (wholesale trade in Treasury bonds);
  • Catalyst (trade in corporate, municipal, co-operative, Treasury and mortgage bonds operated by BondSpot on the regulated market and in the alternative trading system for wholesale clients);

As of Q1 2012, on the markets managed by the Polish Power Exchange

  • Energy Markets (trading in electricity with physical delivery on the following markets: Intra-Day Market, Day-Ahead Market, Commodity Forward Instruments Market, Electricity Auctions);
  • Property Rights Market (trading in property rights in certificates of origin of electricity);
  • CO2 Emission Allowances Market (trading in CO2 emission allowances);
  • Gas Exchange – as of December 20, 2012 (trading in natural gas with physical delivery on the Intra-Day Market and the Commodity Forward Instruments Market).

Furthermore, as of Q1 2012, the Group conducts clearing and settlement on the commodity market through the company Warsaw Commodity Clearing House (“WCCH”) and operates the Register of Certificates of Origin of electricity through the company PolPX.

In connection with the strategy of the WSE Group, which provides for concentration of trading in exchange commodities within PolPX, the Daily-Hourly Electricity Market and the Electricity Forward Market will no longer be organized by WSE (poee WSE Energy Market) after March 31, 2013.

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