Mixed reception for WIG20 options among brokerage houses

Only ten out of the total of 21 brokerage houses trading on the Warsaw Stock Exchange (WSE) managed to update their services to offer their clients options on the WIG20 index, which begun trading on Monday. "Due to technical issues we had to run extra tests of the system, and therefore we postponed offering these services for a week," said Ryszard Sikora, the director of individual customers department at ING Securities. The brokerage houses which managed to implement their systems on time include, BM BPH PBK, Kredyt Bank's IDM, BDM PKO BP, BRE Bank's DI, DM BZ WBK, Erste Securities, BDM, BM BISE, IDMSA.PL and Millenium DM. Several brokerage houses decided to wait to see how the market develops before they presented their offers. According to the WSE management, as well as numerous capital markets specialists, the debut of the options has been a success. During its first day of trade, transactions for 237 options were completed, while yesterday this number grew to 278. (Parkiet, p. 1) A.K.