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 Futures contracts |
On Warsaw Stock Exchange are listed the following futures contract:
- index futures on WIG20 and mWIG40 index,
- currency futures on USD/PLN, EUR/PLN, GBP/PLN and CHF/PLN
- stock futures on 6 most active stocks,
- treasury notes futures.
The Exchange, as the organiser of trading, develops a contract specification for each type of derivative instrument. In its role as a clearing house the National Depository for Securities determines procedures for clearing, settlement and record-keeping, as well as the required margin.
Futures contracts are traded in continuous system from 8.30 a.m. to 4.30 p.m.. There is a separate schedule for trading in the Treasury notes futures. In their case trading closes at 4.30 p.m. and there is no post-auction trading phase. As is the case with other securities quoted in the continuous system, an auction is held at the opening and closing of trading.
Beginning from October 16, 2006, investors get the possibility of making futures contracts or options block trades. The block trade transactions shall be made outside the continuous trading system and the single-price auction system between 8:30 and 16:30 hours.
Futures contract listed on Warsaw Stock Exchange
| Group of contact |
Underlying instrument |
Issue date |
| Index futures |
WIG20 |
16 January 1998 |
| mWIG40 |
18 February 2002 |
| Stock futures |
TPS, PKN |
22 January 2001 |
| PEO, KGH, BRE/1, AGO/5 |
22 October 2001 |
| BPH/1 |
18 March 2002 |
| MIL/1, BZW/2 |
24 March 2003 |
| PKO |
11 July 2005 |
| PGE, PGN, ACP |
23 March 2010 |
| PZU |
20 May 2010 |
| Currency futures |
USD/PLN |
25 September 1998 |
| EUR/PLN |
31 May 1999 |
| CHF/PLN and GBP/PLN /4 |
30 September 2008 |
| Treasury notes futures /4 |
Hypothetical 5 year treasury note with coupon 6% |
14 February 2005 |
/1 trading suspended (from July 2006)
/2 beginning from trading session on December 14, 2007, the introduction of subsequent series of BZ WBK stock futures to exchange trading as well as trading in all series of these stock futures with expiry date VI 2008 is indefinitely suspended
/3 trading in GBP futures is suspended from 8 January 2009)
/4 beginning from trading session on December 14, 2007, the introduction of subsequent series of treasury notes futures to exchange trading as well as trading in all series of treasury notes futures with expiry date in March 2008 is indefinitely suspended
/5 beginning from trading session on February 23, 2010, the introduction of subsequent series of AGORA stock futures to exchange trading is indefinitely suspended
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