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Equity markets
WSE to change trade
cancellation policy
Warsaw Stock Exchange officials are working on a new market rule that would allow cancellation of trades executed through the bourse by mistake, reversing its long-standing policy on bad orders. According to this proposal, stockbrokers who mistakenly typed in incorrect orders would be charged with bad trade cancellation fee of at least 20.000 zloty ($ 5600). Most liquid stocks would be exempted from the new policy. WSE is also proposing a 4% no-cancellation range for stock and index futures. Most Polish stock brokers say the rule doesn?t go far enough because under WSE proposal all counter parties of each trade would have to say ?yes? to have the orders canceled.
Public finances
Tax code changes ?inadvisable?, senior official says
Polish Finance Ministry has no...
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