Yearbook 2017
Cyprus Stock Exchange
Mr. Marios A. Pilavakis
Chairman of Cyprus Stock Exchange
About Cyprus Stock Exchange
Established: 1996
Chairman: Mr. Marios A. Pilavakis
Acting General Manager: Mr. Nicos Trypatsas
Address: 71-73 Lordou Vironos Avenue, 1096
P.O.BOX 25427, Nicosia 1309 Cyprus
Email: [email protected]
Website: www.cse.com.cy
Dear Friends,
It is with great pleasure that I am addressing the message for the FEAS Yearbook.
The Cyprus Stock Exchange (CSE) extremely values its participation in the Federation of Euro-Asian Stock Exchanges (FEAS) and the opportunities gained with this participation through which it is given the chance to cooperate with other Exchanges in the Region.
Cyprus has an open economy and an ideal geographical position at the crossroads of three continents – Europe, Africa and Asia. CSE is a fully recognized Exchange, an efficient and modern institution that is continuously developing according to its strategic plan, by offering new products, services and markets. It has an advanced Legal / Regulatory framework that complies with the EU Directives and internationally accepted securities practices, as well as a modern
infrastructure. CSE has also introduced effective processes and a competitive pricing policies in order to better serve market needs.
The CSE throughout the years, has set a continuous target for listing strong, dynamic as well as innovative companies on its Markets, where the proper Governance and Directors’ responsibilities would be safeguarded at the highest level. The CSE offers a categorization of its Markets, based on certain qualitative and quantitative criteria. In addition, the Emerging Companies Market (ECM) of the Cyprus Stock Exchange, that was established rather recently, serves further diversified needs, by offering simplified listing criteria at a lower cost, therefore successfully attracting companies both locally and internationally as well as foreign investors. The ECM Market is comprised of the Equities Segment and the Bonds Segment, and has proved successful in the last years, despite the adverse economic climate.
Our Exchange therefore provides a more personalized service at competitive fees, particularly to companies that wish to gain initial experience with EU capital markets.
Additionally listing on the CSE provides a number of advantages for Fund managers and investors. The CSE as an EU-Regulated and recognized Exchange, provides a better Fund profile and credibility to investors. It has fast and simple listing procedures with minimal bureaucracy, advanced technology and infrastructure, flexibility and effectiveness at a low cost. It provides therefore also a potential for listing Collective Investment Schemes, both UCITS and Alternative Funds (AIFs) on the Exchange, allowing Funds to attract increased interest from institutional investors.
Cyprus Stock Exchange is continuously diversifying its activities and services, in a dynamic mode and is committed to enhancing the competitiveness and accessibility of Cyprus for foreign investors. The CSE is establishing itself as an integral part of the country’s growth strategy, supporting efforts to strengthen Cyprus’ role as both a regional business and advanced financial center.
Yours Sincerely
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