History and Goal, page 1
The "Association of Members of the Athens Exchange" is a non-profit organization, members of which can be brokerage firms and banks that are members of the Athens Exchange, including the cash and the derivatives markets.
The "Association of Members of the Athens Exchanges" was established in 1988, with founding members all stockbrokers of that time.
The Association's objectives are to:
Protect and promote its members' activities as well as safeguard their professional interests.
Study issues of common interest to its members.
Promote the idea of investing on the stock exchange and its importance in a free, developing society.
The Association aims at and works towards acting as an adviser to the authorities and the other statutory bodies of the Greek capital market and transfer to the supervisory bodies of the Capital Market (Ministry of Economy and Capital Market Commission), the views and concerns of people working in the stock market and applying the laws and decisions of these bodies in their everyday routine and therefore have direct knowledge of the effects and the problems these laws and decisions create.
In recent years, SMEXA's contribution has been significant in shaping the institutional framework of the capital market.
In addition, SMEXA follows European developments and participates effectively in what is happening in Europe, with statements and representations to the institutions of the European Union.
SMEXA has also taken the lead in an effort to substantially approach similar Associations in the other Member States of the European Union, in order to exchange views on issues that are of common concern to members of stock exchanges at a European level and promote a common response to these, where this is feasible.