Who can become a 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

  1. 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.

    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
  2. 2

    Submit an application for entry in the register of supervising brokers

    Fill out an application for admission to operation on the exchange 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
  3. 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 member

    File 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
  4. 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 member

    Steps taken by GPW

    • Admission to operation on the exchange as an exchange member