On the Main Market shares by foreign investors in 2014 generated 49% of turnover, while institutional investors – 38%. The NewConnect market continues to be the most active individual investors – last year they accounted for 70% of turnover.
Main Market
In 2014,., As in the last three years, with the largest share of turnover on the WSE Main Market, foreign investors were responsible. This group throughout 2014. Generated 49% of equity trading, while in the first half of 2014. Saw an increase in its share of turnover by 2 percentage points – up to 49%.
The share of domestic financial institutions amounted to 38%. This is the same result as in 2013. In the second half. 2014. Among institutions dominated by TFI (a share of 35%), closely followed by the animators service providers (28%), the third and the open pension funds (18%).
The activity of individual investors throughout 2014. was 13%. In the first half. 2014. Their share in trading on the Main Market share fell to 13%, thus confirming the downward trend of several years of shares to individual investors.
The structure of the main investors in the stock market
In 2014 years for the largest part of the turnover of shares on the Main Market, foreign investors responded
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New Connect
On the NewConnect continue to play a dominant role, individual investors – in 2014. answers for 70% of turnover, while foreign investors – with 7% of turnover. A slight decrease in the share of turnover in this market fell national institutions, which last year generated a turnover of 23% (in 2013. They represent a better result by 1%). In the past year among institutions, as well as on the Main Market, dominated TFI – in the second half. 2014. They corresponded for 41% of equity trading. Investments in this market have significantly reduced OFE, which in the second half of 2014. Accounted for 4% of the turnover of all institutions (in the first half. 2014. They were 15%).
Derivatives Market
Also on the derivatives market in 2014. leading role played by domestic individual investors. In the futures market, their share in the turnover stood at 46% (4 per cent. Down from 50% in 2013.). In contrast, the options market share was 47%, which means an increase by as much as 10 points. rates compared to 2013. In 2014. part of national institutions and foreign investors in trading futures stood at levels respectively 37% and 8%. Options market in the period, foreign investors have generated a turnover options at 8%, and the share of national institutions was 45%.
The structure of investors in the futures market
Domestic individual investors in 2014. were responsible for 46% of turnover on the derivatives market
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About the Study
Second examined the participation of different groups of investors (foreign investors and domestic institutional Individual country) in trading financial instruments on the floor in the second half. 2014. According to the adopted methodology * shares of individual groups of investors based on the results of the survey, which correspond to the domestic brokerage houses. Annual data were calculated on the basis of six months.
Participation in the study included 30 national members of the Warsaw Stock Exchange, which completed a questionnaire prepared by the WSE. Respondents quoted the exact values. Using the modified method estimated the structure of foreign clients Exchange Members. The activities of market makers and clients portfolio management activities were treated as domestic institutional investors. The study included session trading, executed on the Stock Exchange.
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