Expansion of CSE-ASE cooperation

Taking into account the mutual benefits from the cooperation via the CSE-ASE Common Platform and the significant challenges that they must face for their further future development, the Cyprus Stock Exchange and the Athens Stock Exchange proceeded with the expansion of their cooperation framework with the signing of supplementary agreements.

The expanded cooperation between EXAE Group and the CSE aims at the development of new products and services to the participants of the two markets and the increase in their competitiveness with the exploitation of the lower operating cost and the economies of scale that the homogeneous technological and regulatory environment offers.

Therefore, the two stock exchanges redefined their way of cooperation with supplementary agreements as to the existing infrastructures and recognized the need to expand their cooperation with the opening of the derivatives market to the Cypriot members, as well as the offer of new market data feed with competitive cost via the infrastructures and the Data Feed Network – ASE customers.

Finally, the rights of the Cypriot Depository for the Cypriot shares trading secondarily in the Greek market have been settled.