The option calculator (“Calculator”) has been developed for individual investors for educational purposes. The Warsaw Stock Exchange (“GPW”) has made best efforts to ensure that the Calculator computations are complete and true; however, there can be no guarantee that they are correct and that information from external sources is consistent with the factual or legal circumstances, and GPW has no liability for any losses caused by any use of such computations. Data generated by the Calculator are not an offer to buy or sell any financial instruments or investment services and cannot be considered a recommendation to invest in any financial instruments.
Warsaw Stock Exchange indices names are registered trademarks so the issue of a financial instrument including a name of an index in its name requires signing of a licence agreement with GPW.
GPW also offers custom index services.
General licence for selected or all GPW indices entitles to use indices covered by the agreement in order to issue, offer and introduce multiple financial instruments to trading on and off the exchange market.
One-off licence entitles to use an index in order to issue, offer, market and distribute one financial instrument linked to such index.
DWS Polska Towarzystwo Funduszy Inwestycyjnych S.A. (currently Investors) in co-operation with the Warsaw Stock Exchange started to calculate and publish the stock index DWS MS (DWS Small and Mid-Caps) on 31 March 2003. The index was renamed Investor MS on 14 March 2011. The index tracks the performance of the stock of small and mid-cap companies in the investment focus of the fund Investor Top 25 Małych Spółek FIO (formerly DWS Polska TOP 25 Małych Spółek).
The Investor MS index is the fund’s investment performance benchmark. The methodology of the Investor MS index was developed jointly by the Warsaw Stock Exchange and DWS Polska TFI S.A. (currently Investors). The Exchange regularly calculates and publishes the index and supervises its correct calculation. The opening and closing value of the index is published on every trading day. The opening value is based on transactions closed by 11:30. The index closing value is calculated on the basis of closing prices after the session’s close and is the central index value for the day. The Investor MS index is a total return index. The index base date is 31 December 2002. The index is weighted with the value of free-float shares for those companies whose free-float is at least 10%. The index portfolio comprises companies whose market capitalisation is smaller than the capitalisation of each of the top 10% companies with the highest capitalisation and greater than each of the bottom 30% companies with the lowest capitalisation. Companies whose equity turns negative and those against which creditor arrangement or bankruptcy proceedings are instituted are excluded from the index portfolio. Promotion of corporate governance rules for public companies is an important aspect of the index.
Investors, capital market institutions and the media receive information about quotations from Warsaw Stock Exchange through bulletins published at the end of the session, electronic services available through resellers and through public service teletext TVP.