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Armenian Stock Exchange: Wikis


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Type Joint Stock Company
Founded 2001, demutualized in 2007
Headquarters Yerevan, Armenia
Key people Armen Melikyan, CEO
Industry Stock exchange

NASDAQ OMX Armenia (Armenian: ՆԱՍԴԱՔ ՕԷՄԷՔՍ Արմենիա NASDAK' OEMEK'S Armenia), formerly "Armenian Stock Exchange" or "Armex", is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The stock exchange began operations in 2001 as a self-regulatory organization founded by the exchange members. In November 2007, pursuant to relevant amendments in the legislation covering the local securities market, it was demutualized and became an open joint-stock company. On November 21, 2007, 100% of the stock exchange's shares were purchased by the Nordic exchange operator OMX Group that also operates seven other stock exchanges in the Nordic/Baltic region.

In March 2008, after the merger of U.S. NASDAQ and Nordic OMX Group was completed, Armenian Stock Exchange, as well as the Central Depository of Armenia, became part of the world's largest exchange operator, the NASDAQ OMX Group, Inc. On January 27, 2009, the Armenian Stock Exchange was officially renamed NASDAQ OMX Armenia.

The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on Armex include stocks, corporate bonds, Government and CBA bonds, currency, and REPO (repurchase agreements) on corporate securities. Trading hours for all markets are 11:00-15:00 (local time, GMT+4).

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