ul. Książęca 4,
00-498 Warsaw,
registered at the District Court for the Metropolitan City of Warsaw in Warsaw under entry No. KRS 82312, NIP 526-025-09-72
Share capital PLN 41,972,000 – fully paid-up.

The Warsaw Stock Exchange in Warsaw (WSE) carries on its activities pursuant to the following Acts of 29th July 2005:

• on public offering and terms and conditions for admitting financial instruments into trading systems and on public companies “Act on Offers and Companies”);
• on trading in financial instruments (“Act on trading”);
• on supervising the capital market (“Act on supervision”).

Traditions of the Polish capital market date back to 1817, where the first Merchant Stock Exchange was opened in Warsaw. The WSE commenced activities in its current legal form on 16th April 1991, organizing an electronic trading in securities system from the very beginning of its existence.

The WSE is a joint stock company of incorporated by the State Treasury. Its share capital ids PLN 41,972,000 divided into 59,960 registered shares. At the end of 2007 WSE had 37 shareholders, including banks, brokerage houses, a WSE listed company and the State Treasury. The State Treasury holds 98.81% of the WSE share capital.

Tasks of the WSE include organization of trading in financial instruments. The WSE ensures concentration of buy and sell offers at one place and one time to set the price and perform the resulting transactions. The trading system implemented at the WSE is characterized by setting prices of individual financial instruments based on bid and ask prices, hence the market is considered to be an orders driven market. This means that a list of bid and ask orders is prepared to determine the price of the given instrument. Orders are associated with each other according to strictly defined rules, and transactions are closed during the stock exchange session. A function of market animator is available to improve liquidity of listed instruments, open to WSE members and other financial institutions; market animators place appropriate buy and sell orders for the given instrument on their own account (based on an appropriate agreement executed with the WSE).
The WSE trades in the following securities: shares, bonds, rights to shares, preemptive rights, certificate of investment and derivative instruments: futures, options, index units.

Sessions are held from Monday to Friday from 8:00 a.m. to 5:35 p.m.

Source: www.gpw.pl