At the end of August 2007 the Warsaw Stock Exchange (WSE) organized stock exchange market conducted beyond the scope of regulated market in the alternative turnover formula, also known as NewConnect. The main aim of the articie is to characterize this new system and compare it with the main WSE market. The author focuses on three comparative aspects: the principles of turnover, as well as similarities and differences between issuers and investors active it the WSE and alternative turnover formula. Final part of this work is an attempt to characterize NewConnect in the beginning period of ts activity.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.