Today the Warsaw Stock Exchange (GPW), the biggest securities exchange in Central and Eastern Europe reported monthly metrics for January 2016…the currency segment is stuttering a bit even though USD/PLN (polish zloty) has seen sharp moves up in January due to more dollar strength. The exchange provides futures trading on USD/PLN, EUR/PLN, GBP/PLN and CFH/PLN.
The total volume of currency future transactions fell by 57.4% year on year to 100,081 contracts in January 2016 from January 2015’s 235,087; activity also rose fell month on month by 7.9% from December 2014’s volume of 108,678 contracts, following the multi-year low of November’s meager 84,332 contracts traded.
The Polish zloty has weakened sharply to its lowest level versus the dollar and euro in years, but it did not translate into higher volumes (6 month chart courtesy BarChart).
The volume of trade in index futures was 393,540 contracts, a decrease of 6.7% year on year and down 37.2% month on month from Decembers 2015’s 540,230 contracts. Trading on index futures is based around the flagship WIG20, which is a capitalization-weighted stock market index of the twenty largest companies on the Warsaw Stock Exchange.
To view the full release for January volumes on GPW click here.