Before 2007, the ATHEX was located in Psiris, Sofocleous Street, almost in the city of Athens. Because of this, the stock exchange and Sofocleous Street were recognized as one. It is now 110 Athinon Street, also called Kavalas St.
A stock market does not own shares. Instead, it matches buyers with sellers. Any exchange of public shares on a stock exchange. Although you will likely trade stocks directly through a broker, understanding bonding with exchanges and companies and the ways in which various exchanges need to provide investor protection is key.
The Athens Stock Exchange Index represents two indices. The ATHEX Major Market Composite Index is a comprehensive index containing the 60 most capitalized company stocks in the Athens market and indicates market trends. The ATHEX Core Market Composite Total Return Index calculates the total return of your composite index.
In modern times, stock exchanges operate all over the world and have become highly regulated institutions. Investors intending to buy and offload shares of stock must do so indirectly through a stockbroker, who pays to hold a position in the stock market. Organizations with shares traded on the exchange are considered “listed” and must meet specific criteria, which vary by exchange. Most market exchanges began as floor exchange markets, in which commercial traders made deals in person. The largest exchange globally, the New York Exchange, still works this way, but most international exchanges have now gone completely electronic.
The trading hours of the Athens Stock Exchange are determined between 10:00 am and 16:30 pm with a period of 30 min. pre-opening period and a post-closing period of fifteen minutes. The members of the ASE, generally the brokerage houses that have obtained the approval of the Directorate of the ASE, can operate in the stock market. All transactions are in monetary currency and are traded on exchanges.
Our account of stock exchanges dates back to 12th-century France, when the earliest brokerage houses are believed to have held currency, credit trading, and government securities. Informal stock markets survived throughout Europe in the 17th century, where brokers would meet in the open air or in café establishments to arrange trade. The Amsterdam Stock Exchange, created in 1602, became the first authorized stock market once it began trading shares of the Dutch East India Company. Those transactions were the first shares of the company ever released.
Since Greece is a full member of the EU, with the introduction of the euro and with the agreements made by the Greek parliament in 2007, the Athens Stock Exchange is closely linked to the European stock market. It is the main stock market in Greece that trades shares and bond certificates through a fully computerized system called OASIS. Futures and options trading based on computerized selection is carried out on indices, options and futures, the future exchange rate of the eurodollar plus the ten-year Hellenic Republic bond conducted through the Athens derivatives market.