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The Warsaw Voice » Other » May 28, 2008
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17 Years of WSE
May 28, 2008   
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The Warsaw Stock Exchange began operating on April 16, 1991. At the first session, only five companies were traded, Tonsil, Próchnik, Krosno, Exbud and Kable; turnover was a paltry zl.1,900, and only 112 orders were executed. At the end of April this year, 361 companies were listed on the WSE's main market, including 25 foreign businesses. Today investors place 164,000 orders per session on average, and the average daily equity turnover is zl.1.6 billion.

In addition to the main market, the WSE offers investors and issuers an alternative market, NewConnect, which, in the first eight months since its launch in August 2007, attracted 44 companies with a total capitalization of zl.1.3 billion. To date, more than 155,000 transactions have been made on NewConnect with a total value of zl.718 million.



WSE Milestones

1990
Oct. 16-Poland signs an agreement with France in which the French government undertakes to help Poland launch a stock exchange in Warsaw
1991
April 12-The Warsaw Stock Exchange is founded to operate as a joint-stock company
April 16-WSE holds its first session, at which five companies are traded, Tonsil, Próchnik, Krosno, Kable, and Exbud; initially WSE sessions were held once a week
Aug. 1-Computer settlement system launched
1992
Jan. 28-First exchange terminals installed at member firms' offices
June 15-Treasury bonds introduced to continuous trading
1993
April 22-WSE parallel market launched
1994
March 8-WIG index hits an all-time high of 20,760.3 pts
April 16-WIG20 blue-chip index launched
1995
Jan. 3-WIRR parallel market index launched
1996
May 6-Market capitalization reaches zl.20 billion
1997
Feb. 20-First company (Elpo) traded on the WSE's free market
April 1-Real-time WSE data made available through Reuters
1998
Jan. 16-Derivatives market launched: futures contracts tied to the WIG20 index introduced to trading
Aug. 21-WSE signs a contract with SBF-Bourse de Paris and Euronext for the delivery of a new trading system
Sept. 21-MIDWIG mid-cap index launched
Nov. 18-Polish telecom TP SA hits the trading floor as the largest company on the WSE, making the market's capitalization overshoot $20 billion
1999
June 4-WSE becomes an associate member of the Federation of European Stock Exchanges (FESE)
June 11-Market capitalization exceeds zl.100 billion
July 12/16-WSE signs two international agreements on cooperation and information exchange: with the London Stock Exchange on July 12, and with the Paris bourse on July 16
2000
Nov. 17-New Warsaw Stock Exchange Trading System (WARSET) launched
2001
Jan. 22-Futures contracts tied to individual stocks (TP SA, Elektrim and PKN Orlen) introduced to trading
2002
Feb. 8-WSE signs cross-membership and cross-access agreement with Euronext, the pan-European stock exchange based in Paris, with subsidiaries in Belgium, France, Netherlands, Portugal and Britain.
2003
Oct. 14-First foreign company is listed on the WSE: Bank Austria Creditanstalt AG
2004
June 3-WSE becomes a full member of the Federation of European Securities Exchanges (FESE)
Nov. 10-Equity turnover reaches a record zl.3.27 billion
2005
July 17-WSE welcomes its first remote member: Fischer Partners Fondkommission AB
2006
Aug. 25-First structured products are traded on the exchange (issued by Deutsche Bank)
Oct. 25-Czech corporation CEZ, one of the largest companies in Central and Eastern Europe, is listed on the WSE
2007
March 1-New method for calculating WSE indexes is introduced, along with two new indexes: the nWIG40 and sWIG80
Sept. 30-NewConnect alternative market intended for young and dynamic companies is launched
Oct. 12-WSE acquires shares in Romanian financial and commodity exchange Sibiu
Dec. 12-Italian company UniCredit hits the WSE and becomes the largest company to be traded in Warsaw.
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