The practice of market making, recently introduced in the Greek capital market, is a mechanism whereby the ?marketability? of the shares of certain listed companies is improved by increasing the liquidity of the market for those shares.

The Market Maker for a particular share monitors movements in the share's price and enters bid and offer prices on a systematic basis. This market-making procedure has already operated successfully on the Athens Stock Exchange's New Market (?NEHA?).

As part of a general effort to optimize the marketability of shares of ASE-listed companies, the practice of market making has now been extended to ASE's Main and Parallel Markets. The Exchange believes that market-making procedures benefit listed companies, raising investor interest in their shares as well as improving the marketability of shares.

The Sales Directorate of ASE's Business Development Sector has drawn up a table summarizing the main characteristics of the market making procedure as it operates on both the Main and Parallel Markets and on NEHA. The table can be seen on the ASE website at: www.ase.gr.

Download the table in .doc format