TechWIG futures debut with strong potential on the Warsaw Stock Exchange

The IT sector index TechWIG futures made their debut on the Warsaw Stock Exchange (WSE) yesterday and despite a rather lack luster beginning, WSE management representatives believe the new instruments hold great potential for growth. WSE representatives say investors are always very cautious at the beginning. "We have to bear in mind that during the first WIG20 futures only twelve contracts were made," said WSE vice-president Piotr Szeliga. During the first day of trading the TechWIG futures index closed at 1,630 points with 47 contracts. WSE head Wieslaw Rozlucki expects TechWIG futures turnover to be higher than currency futures though lower than WIG20. The WSE would like to see new futures repeat the success of the previous futures which in terms of liquidity have already overtaken the Vienna and Budapest bourses. (Rzeczpospolita, page B3, Parkiet, page 1) P.S.