Gielda Papierów Wartosciowych w Warszawie (GPW) Strategy update summary

Strategic priorities and market context

• 2025–2027 strategic directions focus on developing the capital market, increasing its role in financing the economy, and building shareholder and stakeholder value.

• Calls for deregulation and adaptation of European rules to support capital-market growth, with active participation in shaping EU regulation and alignment with domestic priorities.

• Polish market capitalization fell from 35% of GDP in 2014 to 25% in 2023, while limited domestic institutional capital and household reliance on cash and deposits constrain growth.

• Opportunities include redirecting household savings, improving corporate governance, and expanding pension products.

• Supervisory Board approved the strategic directions on 27 Nov 2024; financial ambitions are intended directions, not forecasts or estimates.

Capital market development and investor engagement

• Attract new issuers, support startups and SMEs, revitalize NewConnect, and promote bond issuance, including growth in covered bonds.

• Improve liquidity and analytical coverage for small and mid-cap stocks, while working with market participants and regulators to strengthen the market.

• Expand long-term investment products, price promotions, digital offerings for young investors, and access to market information.

• Broaden financial education, investor protection, and long-term investment culture through collaboration with financial institutions.

• Strengthen Warsaw’s regional and European financial-hub role through exchange cooperation, multi-listing, and regulatory harmonization.

Technology and product innovation

• Invest in the WATS trading platform, modernize data management, and develop platforms for digital assets and financial and ESG markets.

• Use cybersecurity, cloud computing, AI, and process robotization to improve efficiency and develop products; position IT as a solution creator, not only a support function.

• Expand offerings for individual investors, including ETFs, REITs, and digital assets.

• Develop TGE products supporting the energy transition, including electricity and gas financial futures and expanded renewable guarantees of origin.

• Support energy security and flexibility services, and adapt indices to renewable generation.