YEREVAN, May 22, /ARKA/. NASDAQ OMX Armenia stock exchange said it supported an initiative of students of Economic Faculty of Yerevan State University which was a Stock Exchange intellectual game. During the game the students divided into teams, each representing a brokerage company, and started trading in fictional securities for 4 days. Trading mechanisms of the game varied from day to day – students tried semi-automated continuous trading, English and Dutch auctions. The winner team was announced at a special ceremony held at NASDAQ OMX Armenia.
“Such initiatives are highly welcome by NASDAQ OMX Armenia and we are always ready to assist students, as they are the future of this market”, – said Konstantin Saroyan, CEO, NASDAQ OMX Armenia, announcing winners and handing certificates and prizes.
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.
In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, IncOn January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc. -0-
