ATHEX Group, which owns and manages the Athens Stock Exchange, and the Romanian Commodities Exchange (BRM) have signed an agreement for the provision of post trading services to the Romanian Natural Gas Futures, which is traded on the BRM market.
The scope of the agreement comprises the support of ATHEX Group to BRM regarding BRM’s activity for the development of futures products on its Gas Day Ahead Spot Market Index, as well as the provision of clearing, settlement, and risk management of transactions on products by ATHEXClear, and under its capacity as an EMIR-authorized CCP under EU legislation.
The euro will be the currency for the settlement of transactions.
In a statement, ATHEX CEO Socrates Lazaridis said “…the effort to expand the cooperation in the wider region of Central and Eastern Europe and especially in the provision of post-trading services as an EMIR authorized CCP under EU legislation is realized via our cooperation with BRM. The use of the ATHEXClear license for Natural Gas and Electricity futures creates opportunities for enhanced cross-border trading in our region”.
On his part, BRM CEO Gabriel Purice stated that “BRM believes the introduction of the Futures product with financial settlement will contribute to the growth of Romania’s Gas Market attractiveness by offering new ways to connect with other European markets and that those instruments will be very useful to the market participants, especially under conditions of volatility”.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
![Τουρισμός: Πάνω από 5 εκατ. αφίξεις σε καταλύματα τον Σεπτέμβριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2021/10/katalymata-90x90.jpg)
