Media statement in connection with temporary suspension of trading at the session on 7 April 2025

The Warsaw Stock Exchange announces that the temporary suspension of trading on 7 April 2025 was due to the record number of broker’s orders placed since the opening of the trading session, which could have caused a disruption of the stability of the trading system. The number of operations on broker’s orders exceeded the average by more than 300% and was 40% higher compared to the session on 4 April 2025.

From GPW’s point of view, this is an operational action in line with the established procedures. To ensure that investors are able to make transactions at the close of trading and to protect the safety of trading, the chairman of the session acting pursuant to § 124(2) of the Exchange Rules and § 6(2) of Exhibit 2 and § 6(2) of Exhibit 10 to the Alternative Trading System Rules decided to temporarily suspend acceptance of broker’s orders.

Market volatility is currently high, although there have been sessions in the past with even higher volatility. This time, however, the number of placed and modified orders was unusually high, intensified by the activity of algorithmic trading strategies.

Consequently, GPW decided to suspend trading for one hour to avoid the risk of reaching the stability limits of the trading system.

Safety of trading requires that all participants have equal access to placing orders and market information and can clear and settle their trade.