ATHENS DERIVATIVES EXCHANGE- ADEX

The Athens Derivatives Exchange (ADEX) was established in 1997 by the law 2533/97 together with the Athens Derivatives Exchange Clearing House (ADECH) to provide the necessary legal framework for the establishment of the formal and organized derivatives market in Greece. ADEX is organized in such a way to fulfil two main purposes, the first has to do with the development of business, which is the concern of the Business Development Division, comprised by the departments of Marketing, Sales, Research and Development and the Education Unit. The second is related to the execution of transactions that take place in ADEX. Responsible for the organization and management of this is the Trading Division with the departments of Trading Supervision and Trading Support. One the other hand ADECH acts as the central counterparty in all trades concluded in ADEX. Its Clearing Division is comprised by two departments, Risk Management and Clearing.

 On July 17^th 2002, Athens Derivatives Exchange S.A (ADEX) merged with Athens Stock Exchange S.A (ASE). The corporate name of the new company is Athens Exchange S.A and its purpose is the organization, support and monitoring of transactions related to stocks, derivatives and other financial products, the faultless operation of the market and finally the protection of investors. Athens Derivatives Exchange Clearing House S.A (ADECH) continues to operate as a separate company.

(source: http: // www.adex.ase.gr)

This site was last updated 05/06/03

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