Warsaw cuts fees for smaller trades

Warsaw cuts its fees thanks to a new funding model for regulatory supervision.

The Warsaw Stock Exchange (WSE) is cutting its trading fees in the New Year due to savings made a result of a new model to fund Poland’s capital market supervision system.

Fees will be cut by 29 basis points for all orders across share trades up to PLN 100,000, rights to shares and exchange-traded funds from 1 January 2016.

Pawel Tamborski, president of WSE’s management board, said: “In view of the change of the financing model of the capital market supervision system in Poland, following an analysis of different variants, we have decided to turn our savings over to the market through reduced fees on trade in shares. The reduction applies to all orders, but its impact is the biggest for the smallest orders, particularly popular with individual investors.”

WSE added that reducing the supervisory component of its fees would bring it into line with other European exchanges and make Poland a more competitive market to trade on. Market supervision fees have increased significantly over the past decade, up by 187%, as the financial crisis has increased the regulatory burden.