Paper Topic:

International Financial Markets and Institutions in Poland

INTERNATIONAL FINANCIAL MARKETS AND INSTITUTIONS IN POLAND

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INTERNATIONAL FINANCIAL MARKETS AND INSTITUTIONS IN POLAND

Poland has one of the healthiest financial markets with a total stock market capitalization of 715 billion zloty which is equivalent to around 215 billion as of the end of year 2009 . Market capitalization value is obtained through multiplying the current price of a share by the number of outstanding shares . By the end of 2009 , Poland 's major equity market which is the Warsaw Stock Exchange (WSE ) was ranked third in Europe after Moscow

and Istanbul respectively . The World Federation of Exchanges statistics places the number of firms listed on the WSE at 486 of which 470 are domestic firms and the remaining 16 are foreign (World Foreign Exchange , 2010 . This represents a significant growth rate from the 5 companies listed at the opening of the WSE in 1991 (U .S State Department , 2010 . This is also an increase compared to the 458 companies that were listed in the year 2008 . The annual volume of trading on the WSE at the end of the year 2009 stood at 178 .18 billion zlotys which is equivalent to 57 billion (World Foreign Exchange 2010

The trading traditions of Poland financial markets have their foundation based on the Warsaw Mercantile Exchange that was established in 1817 (Warsaw Stock Exchange , 2010 . The WSE derives its mandate based on the Trading in Financial Instruments Act drafted in 2005 . The WSE is charged with the responsibility of organising public...

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