what is the warsaw stock exchange 
the warsaw stock exchange wse is the largest stock exchange in central and eastern europe and one of the most recognized financial institutions in poland it runs financial and commodities markets to trade instruments such as company shares bonds derivatives and spot and forward contracts for electricity and natural gas 1 understanding the warsaw stock exchange wse capital markets in poland date to 1817 when the warsaw mercantile exchange was founded in 1991 the state treasury created the warsaw stock exchange as a joint stock company following the overthrow of poland s communist regime in 1989 the wse was established as a modern stock exchange with electronic trading and dematerialized registration of securities 2 trading began on april 16 1991 five formerly state owned enterprises were listed tonsil pr chnik krosno kable and exbud 5 as of april 2021 the wse listed 432 companies on its main and parallel markets representing roughly 1 1 trillion pln in market capitalization 4 the wse is the biggest exchange in central and eastern europe it operates two main businesses a financial market and a commodities market the financial market trades in equities derivatives and bonds the commodity market trades in spot and forward contracts for electricity and natural gas in addition to carbon emission allowances commodities trading contributes about 40 of group revenue 3 many economists expect that eastern europe will continue to be an area of rapid growth and the wse will benefit from the increased investment the wse s stated mission is to provide a competitive exchange and clearing services support economic growth and ensure high standards and safety of trading practices 6 the exchange operates monday through friday with most equities sessions starting at 9 a m and concluding at 4 50 p m derivatives products start trading at 8 45 a m while other investment products start at 9 05 a m 7 corporate social responsibilityinitiated by the wse in 2009 the respect index is central and eastern europe s first index of socially responsible businesses it covers companies from poland and around the world that are listed on the wse main market which follow the highest standards in corporate governance and disclosure while also taking into account environmental and social principles 8 companies in the index are screened by the wse and the association of listed companies seg in a three step review of these factors and are audited by the project partner 8 