Strategy implementation in 2018

The GPW Management Board with the approval of the Exchange Supervisory Board presented the updated growth strategy #GPW2022 on 27 June 2018. The strategy includes 14 strategic initiatives.

• The GPW Management Board with the approval of the Exchange Supervisory Board presented the updated growth strategy #GPW2022 on 27 June 2018. The strategy includes 14 strategic initiatives.
• The implementation of the strategic initiatives started in early July 2018.
• In late July 2018, the GPW Management Board distributed responsibilities for the initiatives among the GPW Management Board Members and communicated the responsibilities to the companies of the GPW Group, Departments and employees of the GPW Group.
• Projects and their completion dates were defined for the initiatives.
• The following project actions were completed in the early months of implementation of the updated strategy:
  • Project planning sheets were drafted (organisation, timelines of actions, teams and payments);
  • Project managers were appointed and recruited;
  • Project teams were appointed;
  • Project kick-off meetings were held and actions were initiated;
  • Analysis were launched and business plans were reviewed (budget, timeline);
  • Applications for grants were filled for selected projects;
  • Project sheets were drafted at the end of September 2018 (general information, project description, required costs and benefits, timing, project team).

The business plan of the initiative OTC Clearing was reviewed in Q4 2018 in the implementation of strategic initiatives in view of the changing market environment. The project was eventually stopped.

Strategic initiative 15, Agricultural Commodity Market, was published in Q4 2018. The project will establish an electronic organised platform of trading in agricultural and food products.

Alignment of technology and infrastructure combined with addition of new investment instruments to GPW markets are the key pillars of the strategy #GPW2022. In the opinion of the Management Board, the initiatives will provide long-term benefits, attracting new investor groups and additional sources of revenue. The following actions under the strategy #GPW2022, relevant to the growth of the markets operated by the GPW Group, were completed in 2018.

Monitoring the implementation of the GPW Group Strategy

As part of the process of updating the GPW Group's strategy carried out in the first half of 2018, six areas of the Group's strategy were identified. In addition to the current pillars of operation: stock markets, debt, derivatives, commodity market and market data, the potential in new business areas has been indicated.

Activities planned and implemented under each of the pillars include both operational and strategic activities.

At the press conference on June 27, 2018, 14 strategic initiatives were presented (Strategic initiatives).

After approval of the strategy, projects and operational activities implementing strategic initiatives were clarified, and related goals were set for organizational units. The principles and frequency of reporting and monitoring the implementation of the strategy have been established.