Wednesday, November 23 2016 15:42
Alina Hovhannisyan

NASDAQ OMX Armenia became Executive Board Member of FEAS

NASDAQ OMX Armenia became Executive Board Member of FEAS

ArmInfo. During the General  Meeting of the Federation of Euro- Asian Stock Exchanges (FEAS) held  on November 19-21, 2016 in Egypt, "NASDAQ OMX Armenia" OJSC was  elected as FEAS Executive Board Member, the press office of NASDAQ  OMX Armenia has told ArmInfo.

Executive Board is the second supreme governing body of the  Federation and is comprised of eleven FEAS members. The  responsibilities of the Executive Board include such matters, as the  development of the Federation policies, recommendation on Federation  membership dues, budgeting and etc.  

"Status of FEAS Executive Board Member is very exciting and at the  same time, a responsible step for us. This gives an opportunity not  only to introduce Armenian capital market at a new international  level, but also contributes to the exchange of experience and  provides opportunities for new international cooperation", said Mr.  Konstantin Saroyan, CEO, NASDAQ OMX Armenia.  

To recall, NASDAQ OMX Armenia, formerly known as "Armenian Stock  Exchange" has been FEAS member since 2002. 

The Federation of Euro-Asian Stock Exchanges (FEAS) was established  on May 15, 1995. The purpose of the Federation is to contribute to  the cooperation, development, support and promotion of capital  markets in the Euro-Asian Region (i.e. Europe, Asia and the  Mediterranean Basin). Currently FEAS has more than 30 members,  including stock exchanges, post trade institutions, dealers  associations and regional federations from 30 countries.

NASDAQ OMX Armenia is the only stock exchange currently operating in  Armenia. On January 26, 2009, "Armenian Stock Exchange" ojsc was  officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009,  "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of  the "Central Depository of Armenia" ojsc. NASDAQ OMX Armenia and  Central Depository of Armenia are among the main securities market  infrastructure institutions in Armenia.The exchange offers to the  market professionals a fully automated electronic trading platform.


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