Armenia Securities Exchange (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.[1]
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).[3]
In September 2020, it was announced that the Warsaw Stock Exchange is interested to acquire 65% of AMX shares.[4] On 24 May 2022, the Central Bank of Armenia approved the acquiring of 65.03% of shares of the Armenian Stock Exchange by the Warsaw Stock Exchange.[5]
Managementedit
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 Systemedit
Starting on 1 January 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.[6] According to the new legislation, the Government of Armenia made an agreement with the Central Depository of Armenia and AMX (Armenia Securities Exchange) to allow these organizations to be responsible for 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.[7]
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.[8]
^. Armenian Banks. 2019-01-18. Archived from the original on 2020-11-20. Retrieved 2020-12-23.
^ "GPW Intends To Take Over The Armenia Securities Exchange". Mondo Visione. 2020-09-18. Retrieved 2020-12-23.
^"Central Bank approves Warsaw Stock Exchange acquisition of Armenia Securities Exchange (AMX) 65.03%". armenpress.am.
^"Armenia's president gives full support over government's pension reform".
^"AMX | Armenia Securities Exchange - list and trade with us". amx.am.
^. Archived from the original on 2014-03-05. Retrieved 2014-02-28.
External linksedit
Armenia Securities Exchange official site, in Armenian and English
May 07, 2024
armenia, securities, exchange, armenian, Հայաստանի, ֆոնդային, բորսա, formerly, nasdaq, armenia, only, stock, exchange, currently, operating, armenia, located, yerevan, capital, city, state, regulatory, authority, stock, exchange, armenian, securities, market, . Armenia Securities Exchange 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 1 Armenia Securities ExchangeCompany typeJoint Stock CompanyIndustryStock exchangeFounded2001 demutualized in 2007HeadquartersYerevan ArmeniaKey peopleHayk Yeganyan CEOProductslisting organized market to trade stocks corporate and Government bonds foreign currencyWebsiteamx am Contents 1 History 2 Management 3 The Funded Pension System 4 See also 5 References 6 External linksHistory editSince 1995 the Armenian Stock Exchange has been a member of the Federation of Euro Asian Stock Exchanges The headquarters of the Federation is located in Yerevan 2 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 3 In September 2020 it was announced that the Warsaw Stock Exchange is interested to acquire 65 of AMX shares 4 On 24 May 2022 the Central Bank of Armenia approved the acquiring of 65 03 of shares of the Armenian Stock Exchange by the Warsaw Stock Exchange 5 Management editArmenia 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 editStarting on 1 January 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 6 According to the new legislation the Government of Armenia made an agreement with the Central Depository of Armenia and AMX Armenia Securities Exchange to allow these organizations to be responsible for 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 7 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 8 See also edit nbsp Business portal nbsp Economics portal 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 exchangesReferences edit Newsroom Armenia Securities Exchange cda am Retrieved 2019 08 02 1 NASDAQ OMX Armenia renamed to Armenia Securities Exchange AMX Armenian Banks 2019 01 18 Archived from the original on 2020 11 20 Retrieved 2020 12 23 GPW Intends To Take Over The Armenia Securities Exchange Mondo Visione 2020 09 18 Retrieved 2020 12 23 Central Bank approves Warsaw Stock Exchange acquisition of Armenia Securities Exchange AMX 65 03 armenpress am Armenia s president gives full support over government s pension reform AMX Armenia Securities Exchange list and trade with us amx am Activity increased on the Armenian stock exchange pension reforms in doubt Archived from the original on 2014 03 05 Retrieved 2014 02 28 External links editArmenia Securities Exchange official site in Armenian and English Retrieved from https en wikipedia org w index php title Armenia Securities Exchange amp oldid 1219027730, wikipedia, wiki, book, books, library,
