- The standard specification of currency futures contracts (USD, EUR, CHF, and GBP) will be amended as of 1 May.
- The amendment reduces the value of the trading unit (contract size) from 10,000 currency units to 1,000 currency units.
- At the same time, exchange fees charged from Exchange Members for trade in these derivatives will be reduced by 10.
The WSE amends the standard specification of USD, EUR, CHF, and GBP currency futures contracts and reduces exchange fees charged from Exchange Members for trade in these derivatives pro rata to the change in the value of the trading unit of the contracts as of 1 May.
The trading unit of currency futures contracts listed on the WSE (contract size) will be reduced from 10,000 to 1,000 units of the underlying currency. The change applies to all series of the above derivatives. The listing unit of the contracts remains unchanged, i.e., expressed in PLN per 100 currency units.
The reduction of the value of the trading unit is effective as of 1 May 2012. Prior to the effective date, KDPW_CCP will convert the number of contracts in the accounts of participants in line with the amendment of the standard specification.
At the same time, as of 1 May, the WSE reduces transaction fees for the above financial instruments by 10 in order to prevent an increase of costs to investors trading in these instruments.
The amendments address the expectations of derivatives market participants. They aim to improve the liquidity of trading in currency futures contracts and to spur further growth of trading in these derivatives.
The WSE is working with dedication to create a safe, liquid and attractive currency futures market for investors.