Armenian Stock Exchange

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Armenia Securities Exchange OJSC
Joint Stock Company
Industry Stock exchange
Founded 2001, demutualized in 2007
Headquarters Yerevan, Armenia
Key people
Hayk Yeganyan, CEO
Products listing, organized market to trade stocks, corporate and Government bonds, foreign currency
Website amx.am/ 

Armenia Securities Exchange or "AMX" (Armenian: Հայաստանի ֆոնդային բորսա), formerly "NASDAQ OMX Armenia", is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The stock exchange began operations in 2001 as a self-regulatory organization founded by the exchange members. In November 2007, pursuant to relevant amendments in the legislation covering the local securities market, it was demutualized and became an open joint-stock company.

The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on AMX include stocks, corporate bonds, government bonds, currency, SWAP and REPO (repurchase agreements) on corporate securities. Trading hours for all markets are 11:00–15:00 (local time, UTC+4).

Since 1995, the Armenian Stock Exchange has been a member of the Federation of Euro-Asian Stock Exchanges. The headquarters of the Federation is located in Yerevan.[1]

Management

Armenia Securities Exchange is operated by a supervisory board, as well as a local management team. The supervisory board is headed by Emma V Shand, Non-Executive Director and Senior Advisor of Nasdaq. The management team consists of Hayk Yeganyan, CEO, Elena Melik-Karamova, Chief Accountant of AMX, Parandzem Avagyan, Head of Marketing & Communications, and Marine Tumanyan, Senior Legal Counsel.

The Funded Pension System

Starting on January 1, 2014, the Armenian Government initiated a new statewide pension program which forces all employees born after 1974 to set aside 5 percent of their total yearly salary into private pension funds.[2] According to the new legislation, The Government of Armenia made an agreement with Central Depository of Armenia and AMX(Armenia Securities Exchange) to allow these organizations to be in charge of the registry of the mandatory participants of this new pension system, meaning these organizations are responsible for collecting and properly allocating the assets that are set aside for these pension programs.[3]

Since the new pension system was introduced, AMX has seen a large influx of activity on the premise that more money will enter the market once the inflow of pension fund money has been realized.[4]

See also

References

  1. ^ "[1]
  2. ^ http://arka.am/en/news/economy/armenia_s_president_gives_full_support_over_government_s_pension_reform/
  3. ^ http://www.amx.am/en/cda_pension.htm
  4. ^ http://www.balkans.com/open-news.php?uniquenumber=188836

External links

  • Armenia Securities Exchange official site, in Armenian and English

Template:AMX-Armenia Securities Exchange

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