Type Stock Exchange Founded 1996 Website www.cse.com.cy | Location Nicosia, Cyprus Currency EUR | |
The Cyprus Stock Exchange or CSE (Greek: Χρηματιστήριο Αξιών Κύπρου or ΧΑΚ), is a European stock exchange located in Cyprus. The exchange has normal trading sessions from 10:00am to 05:00pm Eastern European Time, on all week days except Saturdays, Sundays and holidays declared by the exchange in advance.
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History
CSE was established under the Cyprus Securities and Stock Exchange Law which provides for the development of the securities market in Cyprus and for the establishment and operation of the Cyprus Stock Exchange. It was passed by the House of Representatives in April 1993. CSE commenced its operations on the 29th of March 1996. In 2006, it launched a common platform with the Athens Stock Exchange.
Diversification Strategy
The Cyprus Stock Exchange (CSE) allows private or public companies to list their bonds on the Emerging Companies Market (ECM) and for public companies to list their shares on the ECM. In both cases (listing of shares or bonds) the CSE will also provide the ISIN code and have the prices beamed through Bloomberg and Reuters terminals as both are official financial data vendors.
Monitoring
CySEC is responsible for the supervision and control of all CSE operations, the transactions carried out, its listed companies, brokers and brokerage firms.