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Encyclopedia > Warsaw Stock Exchange
Giełda Papierów Wartościowych w Warszawie
WSE logo
Type Joint stock company
Founded April 12, 1991
Headquarters Warsaw, Poland
Key people Ludwik Sobolewski, President, Management Board
Website www.gpw.pl
Exchange Center, home of the WSE since 2000
Exchange Center, home of the WSE since 2000
Exchange Center entrance on Książęca Street
Exchange Center entrance on Książęca Street
Center of Banking and Finance, home of the WSE from 1991 to 2000. It was once the seat of the Polish United Workers' Party.
Center of Banking and Finance, home of the WSE from 1991 to 2000. It was once the seat of the Polish United Workers' Party.
Exchange Building, home of the exchange from 1876 until World War II. It was completely destroyed in the war.
Exchange Building, home of the exchange from 1876 until World War II. It was completely destroyed in the war.
Bank of Poland and Exchange Building, home of the exchange from 1828 to 1876
Bank of Poland and Exchange Building, home of the exchange from 1828 to 1876

The Warsaw Stock Exchange (WSE), Polish: Giełda Papierów Wartościowych w Warszawie, is a stock exchange located in Warsaw, Poland. It is the largest stock exchange in the region, with a capitalization of $200 billion. Image File history File links No higher resolution available. ... A joint stock company (JSC) is a type of business partnership in which the capital is formed by the individual contributions of a group of shareholders. ... is the 102nd day of the year (103rd in leap years) in the Gregorian calendar. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... Motto: Contemnit procellas (It defies the storms) Semper invicta (Always invincible) Coordinates: , Country  Poland Voivodeship Masovia Powiat city county Gmina Warszawa Districts 18 boroughs City Rights turn of the 13th century Government  - Mayor Hanna Gronkiewicz-Waltz (PO) Area  - City 516. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File links Metadata Size of this preview: 800 × 589 pixelsFull resolution (1462 × 1076 pixel, file size: 1. ... Image File history File links Metadata Size of this preview: 800 × 589 pixelsFull resolution (1462 × 1076 pixel, file size: 1. ... Image File history File links Metadata Size of this preview: 800 × 600 pixelsFull resolution (3072 × 2304 pixel, file size: 2. ... Image File history File links Metadata Size of this preview: 800 × 600 pixelsFull resolution (3072 × 2304 pixel, file size: 2. ... Image File history File links Metadata Size of this preview: 800 × 429 pixelsFull resolution (1410 × 756 pixel, file size: 412 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... Image File history File links Metadata Size of this preview: 800 × 429 pixelsFull resolution (1410 × 756 pixel, file size: 412 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... The Polish United Workers Party (PUWP; in Polish, Polska Zjednoczona Partia Robotnicza, PZPR), was the governing political party in communist_ruled Poland from its creation (through a fusion of the communist Polish Workers Party and the left wing of the Polish Socialist Party) in December 1948 until the regimes electoral... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links Metadata No higher resolution available. ... Image File history File links Metadata No higher resolution available. ... Motto: Contemnit procellas (It defies the storms) Semper invicta (Always invincible) Coordinates: , Country  Poland Voivodeship Masovia Powiat city county Gmina Warszawa Districts 18 boroughs City Rights turn of the 13th century Government  - Mayor Hanna Gronkiewicz-Waltz (PO) Area  - City 516. ...


The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges. The World Federation of Exchanges (WFE), formerly FIBV - Federation International Bourses de Valeurs (International Federation of Stock Exchanges), is an international organization for securities and derivative markets such as stock exchanges. ...

Contents

Structure and operations

The WSE is a joint stock company founded by the State Treasury. It is divided into about 60,000 registered shares of 700 złotys each. The Treasury holds the largest stake (almost 99%), with the rest divided among several dozen entities, including banks and brokerage houses. ISO 4217 Code PLN User(s) Poland Inflation 2. ...


The legal framework for exchange operations is provided by three acts from July 29, 2005:

  • Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies
  • Act on Trading in Financial Instruments
  • Act on Capital Market Supervision

Additionally, the WSE is governed by the Code of Commercial Companies of 2000, the Statutes of the Warsaw Stock Exchange, the Rules of the Warsaw Stock Exchange, and the Rules of the Stock Exchange Court.


The following instruments are traded on the WSE: shares, bonds, subscription rights, allotments, and derivatives such as futures, options, and index participation units. Financial instruments package financial capital in readily tradeable forms - they do not exist outside the context of the financial markets. ... This article or section does not adequately cite its references or sources. ... For alternative meanings, see bond (a disambiguation page). ... In terms of finance, an allotment is a method of distributing securities to investors when an issue has been oversubscribed. ... Derivatives traders at the Chicago Board of Trade. ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price. ... In finance options are types of derivative contracts, including call options and put options, where the future payoffs to the buyer and seller of the contract are determined by the price of another security, such as a common stock. ...


Since its inception, the WSE has engaged in electronic trading. The current WARSET trading platform has been in use since November 2000, and a new platform called NewConnect is slated for introduction on August 30, 2007.


Trading takes place Monday through Friday, from 9:00 AM to 4:35 PM.


History

The first exchange in Warsaw, the Warsaw Mercantile Exchange, was established on May 12, 1817. The first day of trading was on May 16. Initially, trading sessions were held between 1 p.m. and 2 p.m. In the 19th century mainly bills and bonds were traded. Share trading on a broader scale developed in the second half of that century. Between 1918 and 1939, the WSE was by far the largest of several bourses in different Polish cities (Katowice, Kraków, Lwów, Łódź, Poznań and Wilno), and accounted for 90% of the volume traded on the Polish market. When the Second World War broke out, the stock exchange was closed. Downtown of Katowice Osiedle TysiÄ…clecia at night Coordinates: , Country Voivodeship Powiat city county Gmina Katowice Established 16th century City Rights 1865 Government  - Mayor Piotr Uszok Area  - City 164. ... Motto: Ex navicula navis (From a boat, a ship) Coordinates: , Country Poland Voivodeship Lesser Poland Powiat city county Gmina Kraków City Rights June 5th, 1257 Government  - Mayor Jacek Majchrowski Area  - City 326. ... Motto: Semper fidelis Oblast Lviv Oblast Municipal government City council (Львівська міська рада) Mayor City chairman Lyubomyr Bunyak Area 171,01 km² Population  - city  - urban  - density 808,900 ? 4786/km² Founded City rights 13th century 1353 Latitude Longitude 49°51′ N 24°01′ E Area code +0322 Car plates  ? Twin towns Corning, Freiburg... Motto: Ex navicula navis (From a boat, a ship) Coordinates: , Country Poland Voivodeship Łódź Powiat city county Gmina Łódź City Rights 1423 Government  - Mayor Jerzy Kropiwnicki Area  - City 293. ... PoznaÅ„ ( ; full official name: The Capital City of PoznaÅ„, Polish: StoÅ‚eczne Miasto PoznaÅ„ (Latin: , German: , Yiddish: פּױזן Poyzn) is a city in west-central Poland with over 578,900 inhabitants (2002). ... Vilnius Old Town Vilnius (sometimes Vilna; Polish Wilno, Belarusian Вільня, Russian Вильнюс, see also Cities alternative names) is the capital city of Lithuania. ... Mushroom cloud from the nuclear explosion over Nagasaki rising 18 km into the air. ...


It was only after the fall of the communist regime in 1989, that the Warsaw Stock Exchange could be reestablished. Much needed experience and financial aid was provided by France (especially the Société des Bourses Françaises). The WSE began activity in its present form on April 16, 1991. On the first trading day only five stocks were listed (Tonsil, Próchnik, Krosno, Kable, and Exbud). Seven brokerages took part in the trading, and there were 112 buy and sell orders, with a turnover of only 1,990 złotys ($2,000). In the 1970s and 1980s the whole system in Poland was deeper and deeper in the crisis and was beginning to crumble as was the whole Eastern bloc with the USSR as the fading superpower. ... is the 106th day of the year (107th in leap years) in the Gregorian calendar. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ...


In the years 1991-2000, the stock exchange was located in the building which during the previous, and then recent, communist years had been the seat of the Central Committee of the ruling Polish Communist Party. This can be considered an interesting reflection on the rapid transition of Poland from a communist to a market economy. Central Committee most commonly refers to the central executive unit of a communist party, whether ruling or non-ruling. ... The Polish United Workers Party (PUWP; in Polish, Polska Zjednoczona Partia Robotnicza, PZPR), was the governing political party in communist_ruled Poland from its creation (through a fusion of the communist Polish Workers Party and the left wing of the Polish Socialist Party) in December 1948 until the regimes electoral... This article needs additional references or sources to facilitate its verification. ...


Since then the WSE has been developing and growing rapidly and is now perceived as well established on the European market[citation needed].


Statistics

  • Number of companies listed : 309 (July 2007)
  • Market value of listed shares (USD billion): 307 (June 2007)
  • Volume of stocks traded in 2006 (USD billion): 115

The United States dollar is the official currency of the United States. ... The United States dollar is the official currency of the United States. ...

Stock market indices

There are fourteen indices on the WSE.

  • WIG
  • WIG20
  • mWIG40
  • sWIG80
  • TECHWIG
  • WIG-BANKI
  • WIG-BUDOW
  • WIG-DEWEL
  • WIG-INFO
  • WIG-MEDIA
  • WIG-PALIWA
  • WIG-PL
  • WIG-SPOZYW
  • WIG-TELKOM

This article does not cite any references or sources. ...

See also

This is a list of stock exchanges. ... A satellite composite image of Europe This is a list of European stock exchanges. ... The Polish Securities and Exchange Commission, Polish: , (KPWiG) is responsible for supervising compliance with regulations governing honest trade and competition in the public turnover of listed securities and other exchange commodities. ...

External links

  • Warsaw Stock Exchange at the World Federation of Exchanges
  • NewConnect
  • WSEInfoSpace

  Results from FactBites:
 
Warsaw - Wikipedia, the free encyclopedia (5083 words)
Warsaw remained the capital of the Polish-Lithuanian Commonwealth until 1795, when it was annexed by the Kingdom of Prussia to become the capital of the province of New East Prussia.
Warsaw is home to over 30 major theatres that are spread throughout the city, including the National Theatre (founded in 1765) and the Grand Theatre in Warsaw ([1]) (established 1778).
Warsaw is seen as the heart of Poland by foreign investors, whose financial participation in the city's development was estimated in 2002 at over 650 million euro.
Warsaw Stock Exchange - Wikipedia, the free encyclopedia (156 words)
The Warsaw Stock Exchange (WSE), Polish: Giełda Papierów Wartościowych w Warszawie SA (GPW) is the largest stock exchange in Central and Eastern Europe.
The Warsaw Stock Exchange began activity in its present form on April 16, 1991.
The WSE is a joint-stock company created by the State Treasury.
  More results at FactBites »

 
 

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