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–
