Newsletter October 2023, Issue 3 | Page 4

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provider, and their state-of-the-art Data Center.

Anastasia Bikou, Deputy Chief Officer for Sales and Business Development, unveiled a broad spectrum of ATHEX sales services and products. She presented an array of services, including data feed, statistical products, and services like InBroker, MARKETOrder, and InBroker IR. Moreover, Anastasia covered the extensive portfolio of indices and the exciting ATHEX ESG Data Portal.

Shifting gears to the world of risk and clearing operations, Anastasios Zafiropoulos, Chief Risk Officer at ATHEXClear, provided insights into the benefits of CCP clearing. He outlined the pivotal role of clearing members and the pre-funded financial resources across clearing segments. Anastasios shared details about cleared markets, cleared financial instruments, and trading activity in ATHEX markets. He also delved into margin requirements and risk control, ensuring the safety, integrity, and efficiency of the clearing process.

Taking participants through ATHEXCSD services and products, Kostas Karanassios, Deputy Chief Post-Trading Services and Issuers Support Officer, unraveled the intricate workings of Central Securities Depository. He elucidated the services offered, revenue generation, notary services, central maintenance, and registry services. Kostas also highlighted the importance of efficient allocation mechanisms and their support for corporate actions, shareholder identification, and digital on-boarding.

Nikos Porfyris returned to shed light on Centralized Electronic Book Building (EBB), an automated mechanism that supports the fund-raising process and price determination. He highlighted the key stakeholders involved, provided data on the EBB's track record, and discussed the next generation of EBB, offering a glimpse into its future prospects.

Dr. Emmanouil Skarmeas, from ATHEX's Market Operation and Surveillance Division, emphasized the critical role of market surveillance in ensuring the integrity of the financial markets. He detailed the Market Abuse Regulation (MAR) and MiFID II, highlighting the importance of detecting insider dealing and

and market manipulation. Dr. Skarmeas took participants through the key tools employed for surveillance, such as SCILA Application, and