| Assignment Name:Athens Derivatives Exchange ADEX |
Country: Greece |
| Location within Country:Athens |
Professional Staff Provided by your Firm: 8 |
| Name of Client: Athens Derivatives Exchange S.A. |
No. of Staff: 8 |
Address:23-25 Lekka Street
10562 Athens
Greece
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No. of Staff Months, Duration of assignment: 11 staff-months
Duration: 9 months |
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Start Date:June 1998 |
Completion Date:March 1999 |
Approx. Value of Services:N/A |
Name of Associated Firm(s) if any:-
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No. of Months of Professional Staff Provided by Associated Firm(s): - |
Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Project Director: Mr. Hannes A. Takacs
Project Manager: Mr. David Courtney
Team Leader Finance & Admin: Mr. Franz Lauscher
Team Leader Sales: Mr. Elmar Takacs
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Narrative Description of Project: |
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ADEX was set up as a subsidiary of the Athens Stock Exchange with the intention to start functioning within less than a year as the derivatives exchange of the Greek market. It was planned to start trading operations in options and financial futures contracts through the fully electronic OM-CLICK trading system.
CAPMEX provided consulting and support services to ADEX to guarantee the successful implementation of the new exchange within the given timeframe. |
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Description of Actual Services Provided by your Staff: |
- Development of a capital markets structure
- Drafting of a company structure, marketing plan and development of a strategy concept
- Market organization (membership, market maker system, incentives/penalty system for market makers/specialists, market transparency, order-book, etc.)
- Organization of trading (trading rules, emergency procedures, trading hours, matching regulations, market supervision, ?rder types, combination orders, trading without system, escalation procedures, etc.)
- Definition of rules and regulations
- Development of stock-exchange lending procedures
- Definition of product range and product specification
- Development of index management tools
- Implementation of a fully electronic market supervision and monitoring system as well as the establishment of reporting tools
- Training of ADEX staff and market participants
- Establishment of a training center
- Organization of twinning programs in Vienna, Austria
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The Capital Market Experts
