Armenia Securities Exchange
|Type||Joint Stock Company|
|Founded||2001, demutualized in 2007|
|Hayk Yeganyan, CEO|
|Products||listing, organized market to trade stocks, corporate and Government bonds, foreign currency|
This article needs additional citations for verification. (March 2021)
Armenia Securities Exchange or "AMX" (Armenian: Հայաստանի ֆոնդային բորսա), formerly NASDAQ OMX Armenia, is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on AMX include stocks, corporate bonds, government bonds, currency, SWAP and REPO (repurchase agreements) on corporate securities.
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 21 November 2007, 100% of the stock exchange's shares were purchased by the Nordic exchange operator OMX. In March 2008, after the merger of NASDAQ and OMX Group was completed, Armenian Stock Exchange, as well as the Central Depository of Armenia, became part of the NASDAQ OMX Group. On 27 January 2009, the Armenian Stock Exchange was officially renamed NASDAQ OMX Armenia. Later the Central Bank of Armenia took over the exchange, and on 18 January 2019, it was renamed Armenia Securities Exchange (AMX).
Armenia Securities Exchange is operated by a supervisory board, as well as a local management team. The management team consists of Hayk Yeganyan, CEO, Mikayel Hayrapetyan, Chief Financial Officer.
The Funded Pension System
Starting on January 1, 2014, the Armenian Government initiated a new statewide pension program which forces all employees born after 1974 to set aside 5 percent of their total yearly salary into private pension funds. According to the new legislation, The Government of Armenia made an agreement with Central Depository of Armenia and AMX(Armenia Securities Exchange) to allow these organizations to be in charge of the registry of the mandatory participants of this new pension system, meaning these organizations are responsible for collecting and properly allocating the assets that are set aside for these pension programs.
Since the new pension system was introduced, AMX has seen a large influx of activity on the premise that more money will enter the market once the inflow of pension fund money has been realized.
- Central Bank of Armenia
- Economy of Armenia
- Federation of Euro-Asian Stock Exchanges
- List of banks in Armenia
- List of European stock exchanges
- List of stock exchanges
- List of stock exchange trading hours
- "Newsroom - Armenia Securities Exchange". cda.am. Retrieved 2019-08-02.
- "NASDAQ OMX Armenia renamed to Armenia Securities Exchange – AMX". Armenian Banks. 2019-01-18. Retrieved 2020-12-23.
- "GPW Intends To Take Over The Armenia Securities Exchange". Mondo Visione. 2020-09-18. Retrieved 2020-12-23.
- "Armenia's president gives full support over government's pension reform".
- "Archived copy". Archived from the original on 2014-03-05. Retrieved 2014-02-28.CS1 maint: archived copy as title (link)