Futures and options

  • make money on ups and downs
  • hedge your investment portfolio
  • use financial leverage
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What are futures

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A futures contract is a contract between two parties. One of them undertakes to buy and the other to sell a specified quantity of the underlying instrument or to make an equivalent cash settlement. Such a contract specifies in advance a date (expiry date) and a redemption price. The underlying instruments are, for example, shares, currencies, stock indices.
Find out more about: What are futures

Even small changes in the price of a futures contract result in much larger changes in the value of your invested equity. This can result in both high investment returns and significant losses, so you should monitor and be prepared to top up your margin.

What are options

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Options are financial instruments in the form of a contract. The holder of an option has the right to buy or the right to sell the underlying instrument at a fixed price (called the strike price) up to an agreed date (called the expiry date). This right is guaranteed to him by the other party to the contract - the option writer. The option holder obtains the right and the option writer assumes the obligation. Depending on whether the right is to buy or sell, two types of options are distinguished:
  • a call option (a.k.a. a call option), which allows the holder to buy a specific stock before a certain date at a certain price
  • a put option (also known as a put option), which makes it possible to sell specific securities before a specified date at a specified price
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As with futures contracts, while investing in options you should take into account the increased investment risk and control the level of margin.

How to start investing in futures and options

If you would like to invest in futures and options with us, set up a brokerage account. Click here for details.

Key fees

  • index futures on orders placed in person and by telephone
    the maximum PLN 12
    index futures on orders placed using the Internet
    the maximum PLN 9
    bond and WIBOR futures on orders placed in person and by telephone
    the maximum PLN 9
    bond and WIBOR futures on orders placed using the Internet
    the maximum PLN 6
    stock futures
    PLN 3
    currency futures
    PLN 0.30
    opens in new tab Table of Fees and Commissions - in Polish

The commission is reduced automatically when higher turnover is achieved (index futures and bonds and WIBOR). The commission can be negotiated (depending on the turnover or order size).

The commission on options orders you place in person, by telephone or online ranges from PLN 2.1 to PLN 12. It can also be negotiated, depending on turnover or order size.

Q&As

    • To trade futures, sign a derivatives trading services agreement with us. After signing the contract, you will receive a Client Classification Number (NKK). The NKK allows you to trade on the market.
    • Trading in futures contracts on WIG20, mWIG40, currencies and company shares takes place in the continuous trading system from 8.45 a.m. to 5.05 p.m. A fixing is held at the opening and closing of trading, similar to other instruments traded in the continuous system.
    • Futures contracts for WIBOR reference rates and Treasury bonds are traded from 9:00 a.m. to 5:00 p.m. (continuous trading only - no fixing at closing).
    • Contracts are traded in so-called series. Series comprise futures contracts that conform to a standard set by the exchange. They are primarily characterised by the same underlying instrument and the same expiry date.
    • When you enter into a contract, you do not need to have funds equal to the value of the contract You only need to pay a margin.

    • To trade options, sign a derivative and property rights trading services agreement with us. After signing the contract, you will receive a Client Identification Number (CID), which allows you to trade on the market.
    • Trading in options takes place in the continuous trading system from Monday to Friday, from 8.45 a.m. to 5.05 p.m., including all phases of the WSE session.
    • Options are traded in so-called series. A series comprises all options of the same class and type with the same expiry date and the same strike price.

Other instruments

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Invest in companies listed on the Stock Exchange
Invest in companies listed on the Stock Exchange
Invest in companies listed on the Stock Exchange
Invest in companies listed on the Stock Exchange

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Buy and sell government, cooperative, municipal and corporate bonds
Buy and sell government, cooperative, municipal and corporate bonds
Buy and sell government, cooperative, municipal and corporate bonds
Buy and sell government, cooperative, municipal and corporate bonds

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Invest in ready-made portfolios of instruments
Invest in ready-made portfolios of instruments
Invest in ready-made portfolios of instruments
Invest in ready-made portfolios of instruments

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Transact in instruments whose price depends on the underlying
Transact in instruments whose price depends on the underlying
Transact in instruments whose price depends on the underlying
Transact in instruments whose price depends on the underlying