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HVP - Cash Market

 
 
HIGH VOLUME PROVIDER (HVP) SCHEME
 
CASH PRODUCTS

To further develop market liquidity, Warsaw Stock Exchange has launched a range of liquidity provider incentive programmes across cash and derivatives products, including equity, FX, interest rate and bond futures and options contracts.

Summary

  • Trade the Main Market - WIG20 - and all other stocks at highly competitive fees
  • Access to scheme available to all proprietary trading firms (as Member or via existing Warsaw Stock Exchange Member)
  • Scheme expires 31 October 2017
Requirements
  • Completed WSE application form and returnable deposit of 10,000 PLN*
  • Minimum average daily turnover value of 5 million PLN
  • Average daily turnover value requirement is waived during the first 3 months of the scheme
  • Flagging HVP orders in the way specified by Warsaw Stock Exchange
Fee Calculator
 
WIG20 stocks, WIG20 ETF

Fixed fee per order                                                                        

0.05 PLN

Fee per order value                                                                      

0.0087%

Capped fee per order

260 PLN

 

All remaining stocks and ETFs, rights to shares, pre-emptive rights


Fixed fee per order                                                                        

0.05 PLN

Fee per order value                                                                      

0.0051%

Capped fee per order

155 PLN

 

All stocks and ETFs (Maker/Taker scheme) [1]


Fee per order value:                                                                   



Transactions flagged as Maker „add liquidity”
                                                              

0,002%

Transactions flagged as Taker „remove liquidity”

0,01%

 

For further information: sales@gpw.pl

 [1] Exchange Member participating in HVP scheme has three options with regards to pricing: regular HVP fee schedule, Maker/Taker HVP fee schedule or both of them.

 

Fees for clearing of transactions for HVP scheme participants

KDPW_CCP (Clearing House) is reducing clearing fees for trades executed on the WSE by “High Volume Provider” scheme participants.

In order to use the reduced clearing fees applicable only to transactions under the High Volume Provider programme introduced by the WSE, clearing members are required to fulfill the conditions laid down in the Resolution No. 48/112/2013 of the KDPW_CCP S.A. Supervisory Board dated 25 October 2013, including delivery of a specific declaration to KDPW_CCP S.A.

Further information on the KDPW_CCP participation in the programme, and detailed information about reduction of clearing fees is available on the KDPW_CCP website under the following links: http://www.kdpwccp.pl/en/Rules/Organised%20trading/48_112_13_EN.pdf

 

 

 

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