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The Warsaw Voice » Business » April 26, 2012
Business & Economy
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WSE Turns 21
April 26, 2012   
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The first trading session on the Warsaw Stock Exchange (WSE) took place on April 16, 1991, with only five companies listed and seven brokerage houses taking part in trading. The total turnover during the session was zl.1,990, or around $2,000, with 112 orders to buy and sell. However, the first session was a historic development, opening a new chapter in Poland’s transition to a market economy.

Now, after 21 years, the WSE ranks first in the world in terms of growth in the number of companies listed and seventh in terms of growth in equity turnover, according to the World Federation of Exchanges. And according to the latest IPO Watch Europe report, it ranks first in Europe in terms of IPO numbers. In the first quarter of 2012, the WSE saw 25 companies debuting on its floor – four on the main market and 21 on the alternative NewConnect market.

With first-quarter IPOs worth 14 million euros, the Warsaw floor was in fourth place in Europe after NYSE Euronext, with 975 million euros, the Swiss exchange, with 681 million euros, and the markets of the London Stock Exchange group, with 621 million euros, and ahead of the exchanges in Madrid, Oslo and Vienna.

The WSE, which since Nov. 9, 2010 has itself been a listed company traded on the Warsaw floor, has a regulated market for equities and derivatives and an alternative equity market, New Connect, for smaller companies with growth potential. The WSE is also expanding its Catalyst market, intended for issuers of corporate and municipal bonds, and a commodity market.
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