Hellenic Exchanges - Athens Stock Exchange S.A.: Business Overview, Financials & Competitive Analysis

Hellenic Exchanges - Athens Stock Exchange S.A. Overview

ATHEX was founded in 1876 and is headquartered in Athens, Greece. The company is the parent of the Group that supports the operation of the Greek capital market, operating organized cash and derivatives markets, clearing and settlement services, and providing technology solutions to the Greek capital market. As of November 2025, Euronext successfully acquired ATHEX with a 74.3% controlling stake through a voluntary exchange offer valued at approximately $470 million.

Strategic Profile

ATHEX operates the Greek Capital Market, offering trading services for equities, derivatives, and bonds with clearing and settlement services in alignment with international practices and the European regulatory framework. While relatively small compared to larger European exchanges, ATHEX plays a central role in the Greek financial system. The Athens General Index gained 10% over the past 4 weeks and increased 57.2% in the last 12 months.

Competitive Landscape

ATHEX is relatively small compared to larger European exchanges like Euronext or the Frankfurt Stock Exchange. Its main competitors are other European exchange operators including Euronext (which now owns ATHEX), Deutsche Börse, and BME. ATHEX operates five markets: regulated securities market, regulated derivatives market, Alternative market, carbon market for EUAs, and OTC market.

Industry Context

Hellenic Exchanges - Athens Stock Exchange S.A. operates in Financial Data & Stock Exchanges.

Key facts

Founded: 1876 · Headquarters: Athens, Greece · Employees: 254 · Revenue: $86.9M · Market cap: $410M