Hellenic Exchanges - Athens Stock Exchange S.A. (HEE)

Overview

Hellenic Exchanges - Athens Stock Exchange S.A. plays a pivotal role in the Greek capital market by providing an array of support services that facilitate the smooth operation of the country's financial markets. Operating under the shortened name HELEX, this institution is at the heart of Greece's capital markets, managing equities and derivatives along with alternative markets. It was established in 1876, making it a historical and significant entity in the financial industry. Originally known as Hellenic Exchanges S.A., the organization underwent a name change in December 2013 to incorporate its association with the Athens Stock Exchange more explicitly. Based in Athens, Greece, HELEX stands as a critical infrastructure for the country's economic environment, offering comprehensive services ranging from trade clearing and settlement to financial tools and solutions that enhance market efficiency and liquidity.

Products and Services

The scope of Hellenic Exchanges - Athens Stock Exchange S.A.'s offering spans across several critical areas of the financial markets, ensuring a comprehensive suite of services for participants in the Greek capital market:

• Equities and Derivatives Market

HELEX manages the trading of equities and derivatives, providing a regulated platform for the listing and exchange of shares and other securities. This includes the operation of alternative markets, catering to a variety of investor and issuer needs.

• Clearing and Settlement of Trades

Through the Athens Exchange Clearing House, the company oversees the post-trade process, including the clearing, settlement, and final reconciliation of transactions. This ensures the secure and efficient finalization of trades within the financial market.

• Financing Tools and Solutions

HELEX offers various financing tools and solutions that cater to the liquidity needs of market participants, supporting the economic feasibility of trading activities and capital market operations.

• Central Counterparty and Clearing Systems Management

The company is involved in the management of clearing systems and acts as a central counterparty. This involves taking on the risk between trade parties to guarantee the execution of transactions, enhancing market integrity and stability.

• Provision of Central Securities Depository Services

Handling activities related to central securities depository services, HELEX facilitates the safekeeping and administration of securities. This is essential for the efficiency and security of the capital market’s operational framework.

• Listing, Trading, Clearing, Settlement, Registry, and Regulatory Services

As a comprehensive service provider, the company offers an end-to-end solution for market participants, including the listing of securities, trading, clearing, settlement, and registry services, alongside ensuring compliance with regulatory standards.

• IT and Digital Services

Understanding the pivotal role of technology in today's financial markets, HELEX provides advanced IT and digital services. These offerings are designed to streamline operations, enhance security, and facilitate access to market data and trading platforms.