How to become an exchange member
The following types of entities which fulfil the requirements defined under the GPW regulations are eligible to become members of the Warsaw Stock Exchange:
- investment firms trading on the exchange for their own account or for the account of a client;
- other entities which are members of the Central Securities Depository of Poland (KDPW), trading on the exchange for their own account only;
- entities which are not members of the Central Securities Depository of Poland (KDPW), trading on the exchange for their own account only, provided that they indicate an entity which is a member of the Central Securities Depository of Poland (KDPW) and agrees to perform obligations in relation to the clearing of concluded transactions.
Understand the procedure of becoming a member
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1
Fill out an application for admission to operation on the exchange
Fill out an application for admission to operation on the exchange and file it together with appendices with the GPW Market Development Department.File with
GPW Market Development Department
Remember
Take the opportunity to get trained. Visit the training website and enrol for training.Complete the application for an examination for supervising brokers.
Steps taken by GPW
- Admission to operation on the exchange as an exchange member
- Submission of a technical agreement form
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2
Submit an application for entry in the register of supervising brokers
Fill out an application for entry in the register of supervising brokers and file it together with appendices with the GPW Business Network Development Department.File with
GPW Market Development Department
Steps taken by GPW
- Admission to operation on the exchange as an exchange member
- Submission of a technical agreement form
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3
Submit the completed agreement concerning access to the Exchange’s IT systems
Submit a copy of the agreement with a clearing member or KDPW’s declaration on granting the status of clearing memberFile with
GPW Market Development Department
Steps taken by GPW
- Access to GPW’s test system
- After software certification, the exchange member gets access to the production system
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4
Submit KDPW’s confirmation that transactions concluded by the exchange member may be cleared and determine the first day of operation on the exchange
Submit a copy of the agreement with a clearing member or KDPW’s declaration on granting the status of clearing memberDocument
Application for setting the start date of operation of an exchange member on the exchange (73kB)File with
GPW Market Development Department
Steps taken by GPW
- Admission to operation on the exchange as an exchange member