Before 2007, the ATHEX was located in Psiris, Sofocleous Street, nearly on the city of Athens. Because of this, the stock exchange and Sofocleous Street became recognised as one. Now it’s 110 Athinon Street also called Kavalas St.
A stock exchange doesn’t possess shares. Instead, it joins buyers to sellers. Every public stock barters on a stock exchange. Although you’ll probably trade stocks directly via a stock broker, it is key to understand the union with exchanges and businesses and the ways in which the necessities of various exchanges render protection to investors.
The Athens Exchange Index represents two indices. The ATHEX Main Market Composite Index is a comprehensive index which contains the 60 most highly capitalized company shares of the Athens market and indicates market trends. The ATHEX Main Market Composite Total Return Index computes the total performance of their Composite Index.
In modern-day times, stock exchanges trade throughout the world, and they have become extremely regulated institutions. Investors intending to purchase and unload stock shares are required to do so indirectly through a stock broker, who pays to own a position at the stock exchange marketplace. Organizations with stock shares traded on the exchange are are viewed as ‘listed’ and and need to conform to specified criteria, which varies across exchanges. Most market exchanges started as floor exchange markets, whereby business traders made deals in-person. The biggest exchange universally, the New York Exchange, still functions this way, but most of the international exchanges have now become fully electronic.
The Athens Exchange trading hours are determined between 1000am – 1630pm with a 30 min. pre-opening period and a fifteen minutes post closing time period. ASE members, generally speaking broker firms which have acquired the nod from the Directorate of the ASE, are able to deal in the stock exchange market. All transactions are in monetary currency, and are traded on the exchanges.
Our account of stock exchanges is dated back to twelfth century France, when the first brokerages are thought to have devised, credit trade and governance securities. Informal stock market places survived throughout Europe in the 17th century, where brokers would get together out-of-doors or in coffee establishments to fix trade. The Amsterdam Exchange created in 1602 became the first ever authoritative stock exchange market once it begun dealing with shares of the Dutch East India Company. Those dealings were the 1st company shares ever released.
With Greece being a fully fledged member of the E.U., with the introduction of the Euro currency and with agreements made by the Greek parliament in 2007, the Athens Exchange is tightly tied into the European stock market. It’s the primary stock market in Greece dealing stocks and bond certificates via a fully computerized system called O.A.S.I.S.. Computed screened based futures and options trading is conducted on indices, options and futures, The Euro Dollar future exchange rate plus the ten year Hellenic Republic Bond done through the Athens Derivatives marketplace.
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