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Athens News Agency: News in English, 05-09-22
CONTENTS
[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."
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