First international forum dedicated to the development of local securities market to take place in Armenia

YEREVAN, September 14. /ARKA/. The first time in Armenia international forum on the topic “Global opportunities of local markets: sub-structures and regulation” organized by the initiative of NASDAQ OMX Armenia and Central Depository of Armenia will take place in Armenia.

It is the first joint international forum of two regional associations – Association of stock exchanges of CIS countries and Association of Eurasian central depositories..

This forum intends to attract the managers, high officials and representatives of regulators in the sphere of financial services, as well as other first-class experts of central depositories and stock exchanges of CIS countries and Eurasia.

During the forum issues regarding the cooperation of stock exchanges and depositories, development of securities market, as well as issues of legislation, regulation, technical integration, opportunities of entering the local markets into international markets will be discussed..

NASDAQ OMX is the largest stock exchange company in the world. It has more than 3900 companies in its platforms. NASDAQ OMX technologies are introduced in 70 stock exchanges, clearing organizations and central depositories of over 50 countries worldwide.

In January 2008, stock exchange operator OMX implementing activity in Scandinavian countries obtained 100% of shares of Armenian Stock Exchange and Central Depository of Armenia. NASDAQ OMX GROUP formed in the result of consolidation of NASDAQ and OMX in February 2008 became the sole owner of Armenian Stock Exchange and Central Depository of Armenia.

“Armenian Stock Exchange” open joint-stock company was officially renamed on January 27, 2009 into “NASDAQ OMX Armenia” open joint-stock company. On July 5, 2009, “NASDAQ OMX Armenia” became the owner of 100% of shares of “Central Depository of Armenia”.  -0-

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