Athens Stock Exchange (ATHEX) and Bulgarian Stock Exchange (BSE) signed a framework agreement for the development of Bulgarian derivatives

Wednesday, 12 January 2022


Athens Stock Exchange (ATHEX) and the Bulgarian Stock Exchange (BSE) signed a framework
agreement for the admission to trading, clearing and settlement of Bulgarian derivatives. The scope of
the agreement includes the introduction of single stock futures having as underlying selected stocks
traded at BSE and index futures, having as underlying the main BSE index SOFIX. The products are
planned to be traded on the derivative market of the Athens Stock Exchange and the c learing to be
provided by ATHEXClear in accordance with the relevant requirements of EMIR and the EU legislation.
Euro will be the currency for both trading and clearing of the instruments.
“We are really pleased to welcome the new Bulgarian products in the ΑTHEX derivatives market and we
consider this to be the first step οf further cooperation with BSE for the benefit of both markets and
participants”, commented Socrates Lazaridis, CEO of ATHEXGroup.
“Derivative products are versatile. Investors can utilize them to hedge portfolio risk or to speculate market
movement with potentially high rates of return. Consequently, derivatives are an excellent financial
instrument for both individual and institutional investors. We are working intensely with ATHEXGroup to
launch the Bulgarian derivatives as preliminary planned for Q2 of 2022.”, said Manyu Moravenov, CEO
of BSE.
In the upcoming months teams from both exchanges will implement the complex project with different
phases regarding product and model design, promotional and market awareness activities, infrastructure
deployment, training and testing.

About BSE
Bulgarian Stock Exchange is licensed to operate as a stock exchange since 09.10.1997. The company’s
scope of activities the includes the organization of trading of securities and other financial instruments as
well as organizing and maintaining an information system for securities trading.