December 10, 2017

 

SUCCESSFUL COMPLETIOΝ
OF DRESS REHEARSAL

Following the announcement of the ATHEX Stock Markets Steering Committee regarding the Amendment of the ATHEX Exchange Rulebook and the concomitant modifications of the Trading Model of the ATHEX Markets through the ATHEX Resolutions, we inform you about the successful completion of the Members' Dress Rehearsal for the systems' readiness check.

Therefore, starting from tomorrow Monday 11/12/2017:

1. The New Trading System OASIS (v5.0) will be installed in the Production Environment
2. The trading segments "Low Dispersion" and "Under Deletion" will be deleted

The shares traded in the said segments will be transferred in the trading segments, whose criteria were fulfilled by them during the last review, prior to the amendment coming in force. The information concerning the transfers may be found in the following Table:

 

Table NOTES

1. Following the decision of the ATHEX Listings and Market Operation Committee, as of December 6th, 2017, the shares of the company will be delisted, on 21.12.2017.
2. The shares of the company are under suspension of trading (category Under Deletion). Taking into account the abolition of the Under Deletion category, the shares will be transferred to the Under Surveillance category, remaining under suspension.

Also note that the shares that are transferred in the Main Market will be traded in the Low Liquidity Category.

1. Amendments for the adjustment to the new European market framework (MiFIDII/MiFIR)

As of Monday 11/12/2017:

• the changes that concern the Price Tick size for Securities (Stocks, Rights, ETFs) will be valid as the they are mentioned in detail HERE.
• the minimum value for Trade Reports will be amended in the new OASIS (v5.0) as presented in the following Table:

 

• the active live orders (GTD/GTC) will be automatically deleted
• the transaction (reconciliation) file will be produced with a new specification that can be found HERE.
• Dissemination of static data files will be taking place via the RDS Service from the link
  https://www.athexgroup.gr/web/guest/rds

We also remind the following:

• The Order Record Keeping (ORK) in accordance to the new fields as they are defined under the Annex of the Commission Delegated Regulation 2017/580/EE and of the Commission Delegated Regulation 2017/587/EE
• ARM & APA obligations will be in place with the implementation of MiFID II (03/01/2018).

Finally, until Friday 15/12/2017, all Trading Members should declare the Algorithms they might be using.

Download the Press Release

 

 

About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.

110 Athinon Ave. 10442 Athens, Greece, tel +30-210 3366 800, fax +30 210-3366 101