The Warsaw Stock Exchange (WSE) has reduced operating fees in single-stock futures contracts, allowing institutional investors to trade blocks of listed derivatives at lower cost.
For block trades where the volume exceeds 1,000 futures contracts, the exchange will waive the operating fee will for that part of the fee that exceeds 1,000 contracts. The maximum fee for a block trade in single-stock futures is now €83 for client trades and €20 for market maker trades. The minimum volume of a block trade is 200 contracts.
The aim is that the bigger the volume traded, the lower the operating cost of opening or closing a position per contract. The reduction applies to both client trades where the fee is €0.08 per contract and market maker trades where the fee is €0.02.
Poland’s KDPW_CCP clearing house has introduced the same reduction of fees for the registration of single-stock futures contracts, of which there are 22 listed on the WSE. The underlying instruments are shares of companies listed on the WSE main market, including 18 stocks from the large-cap WIG 20 index.
The Polish exchange has been competing to attract foreign investors and boost liquidity levels in recent months. In May, the WSE launched a new central and eastern European stock index listing companies based on their country of origin.