Warsaw Exchange: Commodities Feeds TBC
Officials say it's too early to give any specifics about how users will be able to access data from the new market.
The approval will see WSE begin trading commodity derivatives on the Financial Instruments Market, which will be run by the Polish Power Exchange (PolPX). Before launching the new market, PolPX will hold open consultations with the market about the details of the new instruments, and will also need to receive approval of the terms of trade in a program of electricity futures by the Polish Financial Supervision Authority.
"The launch of a financial market in PolPX is a natural step in the development of the exchange. We have developed the concept of the instrument, the terms of trading and listing. The Minister of Finance's decision allows us to open discussions with market participants. The key challenge ahead is to improve liquidity and attract new market participants. In addition to players from the industry who are PolPX members, we will strive to attract Polish and international financial institutions," says Ireneusz Lazor, president of the management board of PolPX, in a statement.
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