YEREVAN, February 23. /ARKA/. Genium INET modern stock exchange platform, will be introduced in NASDAQ OMX Armenia this year, director of the stock exchange Konstantin Saroyan said.
It is the commercial trading system of NASDAQ OMX Group and will be applied in the Armenian market this year, he said.
In the beginning the platform will be used for government bonds, but later it will expand into the secondary market as well, Saroyan said.
NASDAQ OMX Armenia (former Armenian Stock Exchange, Armex), was established in 2001 as a voluntary merger of 21 broker (dealer) companies. In November 2007 the stock exchange was reorganized into OJSC. OMX (current NASDAQ OMX) is a holder of 100% stock of NASDAQ OMX Armenia.
The stock exchange obtained 100% stock of Armenia’s Central Depository. NASDAQ OMX Armenia received a trade license from CBA on November 7, 2005. The trades on the stock exchange were officially launched on 15 November 2005. –0–
