Abstract
Purpose – Nowadays, a very interesting issue that matters both to academics and practitioners is the
necessity and/or the usefulness of financial market regulation. This topic has many alternative
dimensions, one of which concerns the derivative listing process. The main objective of the derivative’s
market regulatory authorities is the profitability of its members and the good performance of the
exchange. The purpose of this paper is to investigate empirically the specific criteria that have
governed the regulation process with respect to the derivative listing in the Athens Derivatives
Exchange (ADEX).