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Athens News Agency: News in English, 05-09-22

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] FTSE Group upgrades Greek capital market

  • [01] FTSE Group upgrades Greek capital market

    FTSE Group has upgraded the Greek capital market, citing improving liquidity conditions in the Greek market this year and the successful introduction of a new service, "fail trade", in May.

    The international stock market index services company last week published its annual report on national stock markets for the year 2006. The Share Index Commission of FTSE based its report to the results of a close cooperation between FTSE Group and stock markets around the world, including a detailed examination of market structures.

    The Athens Stock Exchange and the Capital Markets Commission are fully cooperating on issues noted by the FTSE Commission needing further improvement. These issues cover the delivery of shares, simplifying the use of collective registration accounts, harmonising procedures on principal trading and out-of-market transactions. The Greek Capital Markets Commission is expected to deliver its decisions on the issue soon, the report said.

    ASE president Spyros Kapralos commenting on the report said: "We are satisfied with FTSE's report as it reflects the significant progress made to improving investment environment in Greece. We have done a significant infrastructure job and all parties should help in an effort to fulfil the remaining criteria."

    FTSE Group's head, Mark Makepeace, said: "FTSE acknowledges that during the last 12 months the Athens Stock Exchange has made steps to improve market conditions for foreign investors. We look forward to a further creative discussion and we will continue monitoring progress."

    Athens News Agency: News in English Directory - Previous Article - Next Article
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