Strategy of the Group

The mission of the Group is to continue the development of the Polish capital market and to strengthen the Polish economy in order to ensure that WSE remains a mechanism supporting as much as possible the raising of capital for companies. At the same time, the Exchange strives to improve the Group’s profitability and increase its shareholder value. WSE plans to continue initiatives aiming to strengthen the international position of the Group: to broaden the base of foreign market participants, to develop the exchange commodities market, and to strengthen the position of the leading financial instruments exchange in the CEE Region. WSE’s regional position strengthened significantly in 2008-2011 among others owing to the development of the key business lines.

The initiatives of WSE aim to increase the presence and stability of capital in Poland and its concentration on the exchange market operated by WSE. Such developments will be facilitated among others by the introduction of new products and the development of new market segments. It is WSE’s goal to strengthen the broadly understood financial sector in Poland and thus to contribute to better competitiveness of the economy at large.

The Group’s strategic goals include:

SUSTAINABLE DEVELOPMENT OF ALL WSE BUSINESS SEGMENTS

The Group is constantly re-evaluating its business model. It is an active participant of social consultations in the legislative process and maintains contacts with market participants in order to attract new participants of markets organized and operated by the Group and to support investor activity.

WSE plans to continue initiatives aiming to develop all markets operated by the Group and make them more attractive by means of:

  • attracting issuers and continuing initiatives encouraging foreign issuers to be listed on the WSE;
  • taking advantage of positive structural and regulatory changes in order to increase investor activity on the markets operated by WSE;
  • expanding the offer of post-trade services in co-operation with KDPW;
  • protecting the integrity of the market supported and administered by WSE by consolidating the trading and clearing infrastructure of the capital market and the commodity market and harmonizing the strategy of growth of capital market institutions;
  • on-going monitoring of the quality of disclosures and implementing adjustments depending on market conditions and needs.

FURTHER DEVELOPMENT OF THE INTERNATIONAL OPERATIONS OF THE GROUP AND STRENGTHENING THE POSITION OF THE REGIONAL FINANCIAL CENTRE

As part of its international strategy, the Group focuses on the CEE Region and makes efforts to expand the network of WSE members, the base of clients of financial institutions, and the number of feign issuers of financial instruments. The goal of positioning WSE as an international market is to address the interests of final users of the capital markets by strengthening the European, transregional role of WSE as a hub offering a range of financial instruments and attracting domestic and foreign investors.

DIVERSIFICATION OF WSE ACTIVITY THROUGH DEVELOPMENT OF THE PRODUCT RANGE

The Group will continue to create new sources of revenue by expanding and developing its product range. Initiatives are planned and implemented in all business areas and business lines including:

  • expansion of the offer of derivative instruments and other cash instruments by introducing to trading further ETFs, warrants, investment certificates, options and further classes of futures;
  • supporting investor activity, including trading in derivative instruments;
  • development of NewConnect and enhancing its attractiveness as an effective platform of raising capital for small and medium-sized companies;
  • further initiatives aiming to make the Catalyst trading system a strong driver of growth of the Polish bond segment;
  • supplementing the exchange offer by consolidating trade in electric power and its derivatives.

INVESTMENT IN STATE-OF-THE-ART TECHNOLOGY

The agreement for the acquisition of NYSE Euronext UTP (Universal Trading Platform) from NYSE Technologies SAS is a significant milestone strengthening the Company’s competitive position. After its implementation, the trading system will offer speed and scalability superior to the existing platforms, offering at the same time a much broader range of functionalities. In the Company’s view, this will contribute to an increase in the trading volume of a broader range of financial instruments and will attract to WSE new investor groups. The Company expects the new trading system to go live on 2 November 2012.