MATERIAL AGREEMENTS
The GPW Group concluded no material agreements in 2016.
RESEARCH AND DEVELOPMENT
The GPW Group’s research focuses on prospects of development of new trading platforms and products. The initiatives completed in 2016 are described in section II.3. Implementation of the GPW Group’s Strategy in 2016.
LITIGATION
GPW is not a party to any litigation where the value of liabilities or receivables would represent at least 10% of its equity.