EFG Eurobank Securities is taking the opportunity to commence operations as the market maker of ten (10) large cap stocks listed on the Athens Stock Exchange | Eurobank
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EFG Eurobank Securities is taking the opportunity to commence operations as the market maker of ten (10) large cap stocks listed on the Athens Stock Exchange

EFG Eurobank Securities is taking the opportunity created by the recently approved new regulatory framework on market making and intends to commence operations as the market maker of ten (10) large cap stocks listed on the Athens Stock Exchange, as soon as it obtains the necessary approvals from the Athens Exchange.
EFG Eurobank Securities is taking the opportunity created by the recently approved new regulatory framework on market making and intends to commence operations as the market maker of ten (10) large cap stocks listed on the Athens Stock Exchange, as soon as it obtains the necessary approvals from the Athens Exchange.
These stocks are:
Alpha Bank (ACBr.AT)
Coca-Cola HBC (HLB.AT)Cosmote (COSr.AT)Public Power Corporation (DEHr.AT)Hellenic Petroleum (HEPr.AT)National Bank of Greece. (NBGr.AT)Emporiki Bank (CBGr.AT)OPAP (OPAr.AT)Bank of Piraeus (BOPr.AT)
Titan Cement (TTNr.AT
)
The above stocks, along with OTE, of which EFG Eurobank Securities is already the market maker, are the largest caps of the Athens Stock Exchange (representing 57% of the ASE’s total market cap), account for 78% of the ASE’s total turnover and are among the most heavily traded stocks in both Greek and foreign institutional portfolios. It should be noted that EFG Eurobank Securities is already a market maker of the corresponding stock future contracts for the majority of the correspondent companies.
EFG Eurobank Securities’ market making intentions are to further improve liquidity of these stocks, tolower average bid-ask spreads, and to reduce their volatility, essentially contributing to the development of the Greek stock market. Under the new regulatory environment, it is expected that the market maker will be able to improve liquidity of not only the stocks directly involved but also of the market in general,increasing the ASE’s competitiveness compared to other international equity markets. Indicatively, theaverage tradeability of the main European indices is at least double compared to that of the Athens Stock
Exchange during the last six months (Market Turnover divided to total ASE market cap stood at 0.23% for the period January-June 2005).
As a market maker of OTE since December 2004, EFG Eurobank Securities has been successfully
contributing to the reduction of the stock’s average bid-ask spread by 27% in H1 2005 compared to 2004.
EFG Eurobank Securities has a leading position in the Greek stock market, commanding a 17.07% market share in the equities market and a 17.38% in the derivatives market in H1 2005. During the last six years, the company has been a market maker in most derivatives contracts traded in the Athens Derivatives Exchange, having captured a market share of 18.53% in stock futures in H1 2005.