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

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, clear...

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What's in This Report
Hellenic Exchanges - Athens Stock Exchange S.A. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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6/ 10Solid

Cyborg Score thesis

Strategic acquisition by Euronext strengthens ATHEX's competitive position while benefiting from elevated market activity in...

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Industry Financial Data & Stock Exchanges
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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Hellenic Exchanges - Athens Stock Exchange S.A. Overview

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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

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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

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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

What the analysts stress-tested

The top findings that survived the multi-agent debate for Hellenic Exchanges - Athens Stock Exchange S.A..

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Euronext Exchange OperatorMulti-national European exchange operator owning ATHEX as of November 2025German Stock ExchangeLargest European exchange operator by scale and liquiditySpanish Stock ExchangeRegional competitor operating Spanish and Italian markets

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Industry context

Hellenic Exchanges - Athens Stock Exchange S.A. operates in Financial Data & Stock Exchanges. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Hellenic Exchanges - Athens Stock Exchange S.A. do?+
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, clear...
What is Hellenic Exchanges - Athens Stock Exchange S.A.'s Cyborg Score?+
Hellenic Exchanges - Athens Stock Exchange S.A. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Hellenic Exchanges - Athens Stock Exchange S.A.'s main competitors?+
Named competitors include Euronext Exchange Operator, German Stock Exchange, Spanish Stock Exchange. The full competitive landscape is in the AskCyborg report.
How can I get the full Hellenic Exchanges - Athens Stock Exchange S.A. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Hellenic Exchanges - Athens Stock Exchange S.A. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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