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GPW SAWSE operator waives fees on trading in ETFs and ETC instruments for WSE members till end-24
Warsaw Stock Exchange's operator GPW is waiving the fees charged on trading in Exchange Traded Funds and Exchange-Traded Commodity instruments for WSE members until the end of 2024, GPW said in a press release. The exchange's operator is working on a broader programme of zero fees on ETFs dedicated for 2025.
"In 2025, particular emphasis will be placed on education and expansion of the range of products based on the domestic small and mid-cap indices mWIG40 and sWIG80," GPW said in the press release.
"This should help to improve liquidity in the small and mid-cap segment, which in turn can improve their valuations and access to capital to finance growth," it added.
GPW's management board member Michal Kobza assessed that the introduction of zero fees for exchange members on ETFs is a step designed to increase their accessibility and support the development of long-term investments in Poland.
"We want investors to be able to freely build diversified portfolios without additional transaction costs, which will make investing on the WSE more attractive and accessible to a wider range of people," Kobza said.
As reported, trading in ETFs on the WSE has exceeded PLN 1.16 billion (EUR 268.2 mln) this year.
There are currently 13 ETFs and one ETC listed on the Warsaw Stock Exchange.
The exchange's operator plans to expand its offering with new products.
"We are in talks with potential issuers, both from Poland and abroad, which will allow the gradual development of our offer," said the head of the GPW's market development department Grzegorz Kolodziejczyk.
"The exchange is also actively working on giving Polish investors access to foreign ETFs through the GlobalConnect platform. This is an important step towards further globalisation of our offering," he added.
doa/ ao/