In 2017, the GPW Group continued to pursue the strategy GPW.2020 approved in October 2014. The Group initiated work to update the strategy in October 2017. The Ministry of Finance in collaboration with the European Bank of Reconstruction and Development is drafting a development strategy for the Polish capital market. The project includes market research, identification of barriers to growth, and recommendations for a strategy of further development of the Polish capital market. The work is expected to be finalised in 2018. In its strategy update, GPW is planning to define the directions of development for the capital market to ensure that both concepts are consistent and planned actions are aligned.
The GPW Group pursues its strategy through comprehensive development and utilisation of available skills and resources. This is supported by efforts focused on further operational integration of the GPW Group including the consolidation of processes and procedures, the insourcing of certain support services, and the optimisation of real estate.
According to the assumptions of the strategy GPW.2020, the Warsaw Stock Exchange plays an important role in the economy providing growth capital to companies and local governments, thus supporting national growth by creating new jobs, fostering innovation, and raising the standards for public companies.
The GPW Group addresses the needs of Polish financial institutions, companies and local governments with a full range of available instruments tailored for both large and small market players active in all sectors. This is based on state-of-the-art technology, in compliance with the highest standards, ensuring security of trading on the markets operated by GPW, including the appropriate liquidity of traded instruments, as well as a broad range of products and services.
In addition, the strategy GPW.2020 provides for improved cost efficiency. A savings programme has been put in place covering such cost lines as rent, IT services, external service charges. This savings are used to support the areas with the greatest potential of growth, enabling GPW to better align with the demanding environment.
According to the strategy GPW.2020, the growth of the GPW Group will rely on six pillars:
- a liquid equity market;
- a developed debt market;
- a competitive derivatives market;
- a commodity market attractive to investors;
- a comprehensive offer of information products for investors and issuers;
- new business segments opened based on existing competences of the Group.
GPW’s key strategic aspirations, strategy GPW.2020
Key aspirations of the GPW Group by 2020