Warsaw Stock Exchange has removed fees for market makers trading small and medium-sized companies in order to boost liquidity in those stocks.
From 1 July to 31 December this year, both Warsaw Stock Exchange and clearing house KDPW_CCP will not charge market makers transaction or clearing fees for all stocks outside the WIG20 index.
Iwona Sroka, president of KDPW_CCP, said: “The fee reduction is aimed at enhancing the attractiveness of investment on the local capital market and improving its competitiveness. Together with [Warsaw Stock Exchange], we strive to stimulate the growth of the cash market and its investor pool.”
The main Polish exchange has been vying to become a regional force in capital markets, hoping to attract companies from across the Central and Eastern Europe region to list in Warsaw. The fee reduction may provide increased liquidity for the many smaller stocks it lists, encouraging other small companies to go public in Poland.