Implementation of the GPW Group’s Strategy:

  • Development of projects supporting liquidity on GPW and acquisition of new market participants, including:
    • development of the HVP and HVF Programmes;
    • acquisition of new market makers on the derivatives and cash markets;
    • launch of operation of ABN Amro Clearing Bank as a Global Clearing Member of KDPW_CCP and facilitation of the acquisition of further investors active on GPW;
    • improvement of GPW’s access infrastructure including development of the colocation service;
    • launch of operations of new Exchange Members.
  • Implementation od development projects of the Polish Power Exchange
    • Implementation of a new trading system – the implementation of the new trading system X-stream is expected to be completed in 2016 (combined with modernisation of the hardware infrastructure), including enhanced functionalities.
    • TGE as NEMO - TGE became the Nominated Electricity Market Operator (NEMO) in December 2015 and as such it is authorised to operate the national Day-Ahead Market and Intra-Day Market and participate in the joint cross-border market coupling mechanism. Each EU member state is required to have at least one NEMO in each pricing zone, initially nominated for a period of 4 years.
    • Development of the TGE Financial Instruments Market – the launch of a financial market is an integral part of the strategic development of the Polish Power Exchange necessary to strengthen its competitive position on European markets. The market will provide product diversification, address the expectations of market participants, and help to acquire more market participants interested in financial instruments.
    • TGE as a Multi Regional Coupling (MRC) member – in 2015, TGE became a full member of Multi Regional Coupling and Price Coupling of Regions. As an MRC and PCR member, TGE can participate in regional market projects and the implementation of EU electricity market mechanisms in co-operation with Western European exchanges.
  • Continuation of optimisation initiatives enhancing the organisation and improving integration within the GPW Group.

GPW’s Decision to Reduce Trading Fees

On 3 December 2015, the GPW Management Board decided to reduce trading fees on transactions in shares, rights to shares and ETF for all orders, in the part of the order value up to PLN 100 thousand, from 0.033% to 0.029%. The reduction applies as of 1 January 2016 for an undetermined period on the Main Market and on NewConnect. GPW decided to reduce the trading fees in view of the planned change of the system of financing of capital market supervision. The structure of the reduction followed from consultations of GPW with the Chamber of Brokerage Houses.