TradeDirect is a separate part of Pantelakis Securities, which gives you the possibility of online access via the Internet to the ATHEX, to Foreign Markets and to your Pantelakis Securities accounts.
From the moment you become our client you will be able, via the Internet, to be informed in real time about the prices of Greek shares, to control your portfolio and to carry out stock exchange transactions.
TradeDirect includes the services:
  • OnLine Trading: Transactions through the website of Pantelakis Securities
  • Phone Trading: Telephone transactions with the help of a specialized representative.
  • Tradedirect View: Monitoring of Portfolios and Balances

For any information on how to connect to the TradeDirect Service, please contact the Electronic Transactions department of Pantelakis Securities at: +30 210 696.5496 or via the contact form.

To transfer your portfolio from another stockbroker to Pantelakis Securities S.A., you must request the transfer of your shares from another stockbroker to Pantelakis Securities S.A. (operator code 126). A prerequisite for the transfer is the existence of a stock exchange code in Pantelakis Securities S.A. with the same Securities Account and Share of Intangible Assets (SIT) held by the other brokerage firm.

– Either by email
– Either by post
– Via SMS to the mobile phone you have provided to us (AXIA SMS service of the ATHEX) if you wish

Also, an Account Transaction is sent to you every month if you have selected email communication, while if you have selected mail communication the Account Statement is sent quarterly.

The operating regulations of the ATHEX provides for five categories of negotiation. Trading hours per category are:

  • Main Market – Trading hours 10:30 – 17:20 (17:10 – 17:20 at the closing price)
  • Low Dispersion/Surveillance/For Deletion – Trading hours
    11:58 – 12:00, 13:43 – 13:45, 15:28 – 15:30, 17:08 – 17:10 (17:10 – 17:20 at the closing price)
  • ETF – Trading hours 10:30 – 17:20 (17:00 – 17:20 at the closing price)
  • Alternative Market – Trading hours 11:00 – 17:00 (17:00 – 17:20 at the closing price)
For the change of any personal information such as mailing address, ID number, tax registration number, etc. you can call the Customer Service (+30 210 696 5491) and after identifying your details we will inform you about the process of changing your details.
Pantelakis Securities S.A. gives you the opportunity to invest in the major stock and derivative markets of Europe, America and Asia. A prerequisite for gaining access for investments in some or all international markets is the signing of the respective Investment Services Agreement.

During the meeting the price of a share belonging to:

  • In the Main Market & ETF category, it cannot deviate more than +/- 30% compared to the closing price of the previous session.
  • In the category Low Dispersion/ Surveillance/ For Deletion cannot deviate more than +/- 20% in relation to the closing price of the previous session.
  • In the Alternative Market category, the first fluctuation limit is set at +/- 10%, in relation to the closing price of the previous session, a point at which if the stock remains for 15 minutes it can be extended to +/- 20% respectively.

The share price of a newly listed company during the first three days of trading on the ATHEX ranges without restriction.

The Hellenic Capital Market Commission is an independent public supervisory authority that is administratively subordinated to the Ministry of Finance. It aims to supervise and control the operation of the Stock Exchange, listed companies and Investment Services Companies. Its activities include legislating, issuing regulatory decisions and certifying professional executives in financial specialties, licensing, but also revoking the companies it supervises and imposing administrative sanctions and disciplinary sanctions on any legal or natural person involved in the violation of stock market legislation.
When the price of a share is at its trading upper limit (Limit Up) or the corresponding trading lower limit (Limit Down) and there are offered or corresponding requested pieces, the transactions take place normally. However, in case there is no supply or demand, i.e. the share is “locked” in Limit Up or Limit Down, buy or sell orders at a certain price remain on hold, while market orders are canceled upon entry. This does not apply to market orders part of which has been executed in Limit Up or Limit Down. For these orders, the execution items are converted to a marginal order (order in value ± Limit Up or ± LimitDown respectively).
When the stock remains locked in ± Limit Up or ± LimitDown for more than fifteen minutes, it “unlocks” and the upper/lower fluctuations are set at the next upper/lower limits.

Derivatives are secondary products whose value is a combination of the value of other financial products, known as underlying assets (securities). Underlying assets are usually a stock, a stock index, a bond, an exchange rate, a commodity or an interest rate. The most common derivative categories are Futures & Forwards and Options.
The main difference between forwards and futures is that, while in the first case the terms of the transaction (underlying asset, price, size and delivery date) are determined by the contractors, in the second case the contracts are standardized and subject to strict rules. Below are some key features of futures and options traded in organized stock markets.

The following categories of derivatives are traded in the Derivatives Market of the Athens Stock Exchange:

  • Futures (FTSE/ASE-20, FTSE Mid 40, EPSI-50, Shares, 10-year Bond, Euro-Dollar Exchange Rate)
  • Options (FTSE/ASE-20, FTSE Mid 40, Shares, Euro-Dollar Exchange Rate)
  • Securities Lending Products/(Shares)

Productive companies, banks, mutual funds, investment companies, insurance companies, insurance funds, the public and other investors use the derivatives market. For example, the manager of a pension fund can reduce the risk of investing in shares and thus promote the well-being of participants in that fund.
Also, a food industry seeking an investment, for example in another country, may abandon it if it is unable to manage the financial risks associated with it. But a private investor who wants to buy a home, for example, can choose between a fixed and a floating rate loan. The ability of a financial institution to offer this option to the borrower depends on the ability of the institution to manage its own financial risk through the market of stock derivatives.

An agreement that gives the buyer the right but not the obligation to buy or sell the underlying good at a specified price, over a period of time or on a specific future date. Instead, the seller of an option undertakes to buy or sell the underlying good at a specified price, over a period of time, or at a specific future date.

The specified price at which the transaction will be executed is called the exercise price and represents the price at which the buyer of a purchase right (seller of a sale right) must pay for each underlying asset in the exercise of the right.
The price of the right (premium) is the amount that the buyer of the right pays to the seller of the right in order to acquire the right to buy or sell the underlying asset.

Futures contracts are essentially an agreement between two counterparties, one of which promises to buy and the other to sell, a certain amount of a financial product, at a specific future date and at a fixed price.
Futures contracts are standard contracts whose payment and delivery are determined by the Athens Derivatives Exchange Clearing House (ADECH). The Athens Derivatives Exchange (ADE) provides standard terms (contract size or value and delivery date) for the products traded.
From the opening of a position in a future fulfillment contract, ADECH operates between the buyer and the seller. In other words, it guarantees the fulfillment of the terms of a contract and relieves the counterparties from credit risk. Because of this, the investor can close his position at any time through a counter-transaction, without requiring the consent of the counterparty.
Two key features of Futures Contracts are the daily settlement and the insurance margin.
Under the terms of each futures contract, the investor who has an open position in a Futures Contract is subject to daily credit/debit of the losses/profits resulting from the settlement price of those contracts. The settlement price is determined by the clearing house and is the price on the basis of which the vacancies will be cleared during the next working day.
Additionally, every investor who has an open position in a Futures Contract must commit a sum of money (insurance margin) for as long as he maintains his position in order to guarantee the fulfillment of the obligations on the date of delivery (or clearing) of the underlying asset.