Hellenic Exchanges CEO said that he expects a big boost in volumes next year when the removal of a stamp duty on share sales start to attract high-frequently trading, according to Reuters.
"With the new tax law, the exchange is ready to welcome high-frequency traders from January 1, 2012 when the stamp duty will be abolished," said Socrates Lazaridis in an interview. "We expect this to significantly benefit trading volumes."
He told Reuters that Greek Stocks are not at a risk of downgrade to advanced emerging status by FTSE Group, as the analyst forecasts of decreased trading volumes were conservative.
"With the new tax law, the exchange is ready to welcome high-frequency traders from January 1, 2012 when the stamp duty will be abolished," said Socrates Lazaridis in an interview. "We expect this to significantly benefit trading volumes."
He told Reuters that Greek Stocks are not at a risk of downgrade to advanced emerging status by FTSE Group, as the analyst forecasts of decreased trading volumes were conservative.
