YEREVAN, August 14. /ARKA/. Freedom Broker Armenia aims to contribute to accelerating the processes of Armenia’s stock market’s integration and compliance with European standards, Igor Klyushnev, supervising manager for Armenia, said in an interview with ARKA news agency.
‘In order to attract this liquidity, it is necessary to be patient and systematically implement steps for integration and compliance with European standards. We too want to contribute to accelerating these processes. Securities traded on the local stock exchange can be bought already through Freedom Broker Armenia,’ he said in an interview with Arka news agency.
‘We are a participant of the local depository, i.e. it is possible to store securities through Freedom Broker Armenia. However, we are going further. Right now, since the exchange has opened the possibility to connect to its platform via API, we will integrate its products into our own trading system Tradernet, which is used by Freedom Holding clients all over the world,’ he added.
In addition to the fact that this will increase the liquidity and ease of local investors buying products on the local exchange, many non-residents will have the opportunity to easily and quickly access the local exchange. This is quite a significant fact, and it is no longer a plan, but a matter of the near future.
‘In my opinion, what is probably lacking is liquidity, i.e. the participation of a large number of non-resident foreign players and greater involvement of domestic players- both legal entities and individuals. Legal entities, of course, provide the bulk of liquidity. Therefore, in my opinion, it is necessary to increase the requirements for transparency of public business and investor protection, so that investors feel protected in the market. It is important that the requirements for a public company are adequate, and the path that a company present in the Armenian market needs to take from closed to open is realistic,’ he said.-0-
