Rozwój walutowych instrumentów pochodnych w Polsce

The purpose of the article is a presentation of analysis results concerning development currency derivatives market in Poland for years 2006-2011, with the particular emphasis on the structure rotation and opened positions. The empirical data was sourced from WGT S.A. The research showed that in 2008 significant increase in derivatives interests on Polish market. Many entrepreneurs in this period have hedged against adverse changes in exchange rates, as evidenced by the record number of opened positions and the highest in the history of WGT S.A. trading volume. The dominant share in trading had contracts for EUR/PLN and USD/PLN, demonstrating the use of these instruments by firms export and import trading partners in the euro area and the dollar zone. In the years 2009-2011 trading volume and number of opened positions on the futures and options contracts exhibited a downward trend.