Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange
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December 21st, 2023 |
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Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange | |||
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The Stock Markets Steering Committee of Athens Exchange approved the amendment of ATHEX Resolution 24 related to the Regulation, regarding the launch of a new transactions fees policy at the ATHEX Stock Market applied to the following securities: (i) shares (ii) pre-emptive rights and (iii) depositary receipts, as follows:
a) Nine (9) binding levels of monthly fees with different pricing have been established.
b) Different transaction charges have been implemented for each trading phase, i.e., transactions during "continuous trading" and during "auctions", as presented in the table below. Should be noted that, the existing 0.0125% on the transaction value will continue to apply on "At the close trading" and at the block trades.
c) New Basic Fee is applied unless a declaration is made choosing to use a binding level, and there is a minimum monthly charge per level selected. The declaration will be effective from the beginning of each billing calendar month, and the notification for the use of the binding level is made no later than 3 business days before the beginning of each month, through a relevant procedure.
d) Members can choose from the available levels based on the amount of their charges during the preceding billing month. Specifically, they can choose for a level above or below the one corresponding to their charges in the preceding billing month. For example, for the month of January, they will be able to declare a binding level no later than 3 business days before the start of January, taking into account their billing in the month of November. New Members will be able to have, for the first two months, the binding level they wish. The possibility of choosing the commission related to the upper or lower binding level in relation to their billing in the month preceding their declaration will not be valid for the first two months of implementation of the pricing policy, that is for the months of January and February 2024.
e) Each binding level requires a "Minimum Monthly Fee" to ensure that if a Member is charged an amount less than what the binding level specifies during any given month, they will still be charged the Minimum Monthly Fee corresponding to that particular level (i.e., the difference between the amount already charged and the Minimum Monthly Fee for that level).
Tuesday, January 2nd, 2024, is set as the date of application of the above transactions fees policy.
Download the Press Release |
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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.