Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

NASDAQ OMX Armenia stock exchange to launch online platform for trading of government bonds

YEREVAN, February 23. / ARKA /. NASDAQ OMX Armenia stock exchange will launch an online platform for trading of government bonds, the head of the exchange Konstantin Saroyan said today. He said the on-line platform will allow individuals to also participate in on-line trading. According to him, it is very important for the exchanges that this plan succeeds.

“It is no secret that many banks prefer off-exchange trade of government bonds, but NASDAQ OMX Armenia will try to prove that transactions with government bonds effected through the exchange are more profitable and more attractive,” he said.

Saroyan said the market of government bonds doubled in 2014 with 924 transactions worth about 34 billion, up from 484 transactions worth 15 billion drams effected in 2013.

NASDAQ OMX Armenia is the new name of the Armenian Stock Exchange ojsc (renamed on January 27, 2009), however, it is also used to refer jointly to the stock exchange and the Central Depository of Armenia ojsc (CDA), as the both companies have been members of the NASDAQ OMX Group, Inc. since early 2008.

NASDAQ OMX Armenia and the CDA are the major securities market infrastructure institutions in Armenia. Since their inception in 2000, both companies had operated as self-regulatory organizations established by member broker companies, up until demutualization in 2007.
NASDAQ OMX Armenia is a part of the world’s largest exchange company, the NASDAQ OMX Group, Inc.($478.95 drams). –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img