General Overview

About the Athens Stock Exchange

ASE Athens Exchange Group (ATHEX GROUP) is a group of companies that provide support to the Greek Capital Market. ATHEX GROUP and its subsidiaries operate the organized Equities and Derivatives markets, perform clearing and settlement of trades, supply integrated software solutions and services to the Greek capital market community and promote the investment culture in Greece.

Code of Conduct for Clearing & Settlement, led by the exchange and post-trading industry, aims at promoting cross-border investment activity in equities and thus contributing to the integration of European equity markets.

The Athens Exchange S.A. and Hellenic Exchanges S.A. have actively participated in the drafting of the Code in their capacity as members of the relevant industry trade associations FESE, ECSDA and EACH and have signed the Code.



Corporate Responsibility

The level of Corporate responsibility that the state, the enterprises and the individuals demonstrate, is a key feature, common to all advanced societies and economies.

CSR is expressed among other tracks through enterprises. CSR is the essential expression of the social responsibility of the enterprises. The work environment is one of the areas in need of social responsibility and in which companies can implement CSR programs. Moreover CSR policies can be applied in sectors such as the environment and sustainable management, human kind and education.

We at the HELEX Group believe that CSR is a concern for all of us. In a society that is constantly evolving none of us can remain uncaring. We all have the same responsibility towards the society and the environment. Our Group operates in a constantly changing global environment and Is daily confronted with challenges related to its efficiency and in its presence as an integral member of the social and economic landscape. All of us have equal responsibility towards society and the environment. Our Group operates in an increasingly globalization environment and metallomeno confronted daily with challenges related to efficiency and in his presence as an integral member of the social and economic mainstream.

For us, CSR is directly related to the concept of sustainable development has a voluntary type of actions and constitutes a strategic choice.

Helex Group CSR Policies

With the implementation of CSR practices the creation of a mutual relationship with benefits for all participants is achieved. Such a grid of social activities includes shareholders, suppliers, employees as well as the society in which we operate, as a whole.

The protection of the environment, the awareness for humans, the education and the culture through a series of activities concerning financial support and voluntary actions, are the basic 'investments' of our Group.

The framework of the actions that we recognize as important and necessary for the long term robustness of our Company within the society, is along the following axes:

  • Investment in knowledge
  • Investment in our human resources
  • Protection of the environment
  • Respect for human rights
  • Offer to groups of people that are socially excluded
  • Contribution to the development of culture
  • Increasing knowledge and development of the institution and the values of the exchange
Helex Group CSR Program

Helex Group continues a program of activities about the environment, humans and education:

I recycle - I turn off the lights - I think before I print - I participate - I offer - I support - I contribute - I learn - I educate - I plan

We try to contribute to the reduction of poverty by supporting the activities of relevant voluntary groups. We continue our efforts for the protection of the environment with every day actions of recycling and simple practices regarding the operation of our building targeting energy saving. We provide and support an educational program for students and market professionals aiming to the development of the capital market culture. As a member of the CSR Global Impact Network Hellas we support its efforts for the promotion of Corporate Responsibility in both corporate and social level and the achievement of a balance between profit and sustainable development.

History

1896 - 1996
  • In 1876 the Athens Stock Exchange (ASE) is founded as a self regulated public organization
  • In 1918 ASE is transformed into a public entity
  • In 1991 the first electronic trading system (ASIS) is put into operation at ASE, abolishing the open-outcry method. In February 1991, the Central Securities Depository (CSD) is founded, for the clearing of transactions.
  • In 1995, as part of the efforts to modernize the capital market, ASE is transformed into a societe anonyme, with the Greek State as the sole shareholder.
1997 - 2001
  • In 1997 the Greek state, through a private placement, sells 39.67% of the ASE share capital, while in 1998, through a second private placement, sells approximately 12% of the share capital to selected investors. In 1999 the State's stake is further reduced to 47.7%.
  • In 1999 the Athens Derivatives Exchange (ADEX) and the Athens Derivatives Exchange Clearing House (ADECH) begin operations, and in August 1999 the first derivative products are traded.
  • In 1999 the share dematerialization project begins - the paper depository receipts are gradually replaced by electronic book entries in the Dematerialized Securities System (DSS). In November 1999 the OASIS electronic trading system is put into operation, replacing ASIS.
  • In March 2000, Hellenic Exchanges (HELEX) is founded as a holding company.
  • In August 2000 HELEX is listed on the Athens Stock Exchange.
  • In April 2001 the ASE trading floor at 10 Sofokleous Street is closed.
2002 - 2011
  • In September 2002 the merger of the Athens Stock Exchange and the Athens Derivatives Exchange, both HELEX subsidiaries, is completed. The name of the new entity is "Athens Exchange" (ATHEX).
  • In June 2003, the Greek state, as part of the privatization program, sells the remaining HELEX shares it held to 7 banks. ATHEX transfers its remaining regulatory responsibilities to the Hellenic Capital Market Commission.
  • In February 2004 HELEX purchases minority stakes in its subsidiaries CSD and ADECH, taking its participation to 100%, while in March 2005 the merger with its subsidiary Systems Development and Support House of the Capital Market (ASYK) is completed.
  • On the 30th of October 2006 the Common trading and clearing Platform between ATHEX and the Cyprus Stock Exchange is put into operation. With this cooperation, the two markets are connected and investors gain access to both markets.
  • In November 2006 the merger of HELEX with its subsidiaries CSD and ADECH is completed. The name of the new company is changed to "Hellenic Exchanges S.A. Holding, Clearing, Settlement and Registry."
  • In July 2007 the relocation of the departments of the Group to the new privately owned building at 110 Athinon Ave. begins. In December 2007 the historic building at 10 Sofokleous St. closes its doors for the last time as an exchange.
  • In January 2008 the first ETF (Exchange Traded Fund) starts trading in the Greek market.
  • In February 2008 the operation of the Alternative Market (ENA) begins. By the end of 2008, 9 companies listed their shares in that market.
  • In June 2008, Mr. Spyros Capralos, Chairman of Athens Exchange and CEO of HELEX is elected President of the Federation of the Federation of European Securities Exchanges (FESE). The term of the FESE President is two years.
  • On the 30th of March 2009, Link Up Markets - a joint venture between Depositories that is providing cross-border transaction settlement services, in which HELEX participates as one of the founding members - began operations, while in June 2009 the first link by HELEX as Issuer CSD with the Swiss depository SIS SegaInterSettle AG was made.
  • On the 2nd of September 2009 the HELEX Group was the victim of a terrorist attack, by an explosive device which was placed in a trapped vehicle in a side street of the building. The bomb blast caused extensive material damage to the building at Athinon Avenue. Despite the almost complete destruction of half of the building, the exchange operated as usual from the first day of the terrorist attack. The renovation of the building to its original state was completed in January 2010.
  • The Xnet network is activated.

ASE


Contact Info

Athens Stock Exchange

110 Athinon Avenue
Athens, GR Greece, 10442

Phone: +30 210 336 6616
Fax: +30 210 336 6333
Email: Investor-Relations@helex.gr
Website: http://www.helex.gr

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Athens Stock Exchange Google Map
Athens Stock Exchange Google Map

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