Wednesday, July 25 2018 17:40
Karina Melikyan

NASDAQ OMX Armenia and Central Depository of Armenia launch a new strategy

NASDAQ OMX Armenia and Central Depository of Armenia launch a new strategy

ArmInfo.NASDAQ OMX Armenia’s and Central Depository of Armenia’s supervisory boards have approved the high-level strategy and development plan for 2018-2020.

As the companies seek to utilize business opportunities and strengthen their positions within local and regional capital markets, the team has developed a new strategy and initiated a reorganization to support the implementation of the key initiatives for the next three years.

“We will be striving to identify new business opportunities both locally and internationally that can create economic value for and within Armenia. At the same time, we are trying to position our core competitive advantages in a right appealing way to attract more business opportunities and generate more revenue for our companies,” commented Hayk Yeganyan, CEO at NASDAQ OMX Armenia.

The strategy aligns with the changing geopolitical, financial and technological enhancement environment. It focuses on NASDAQ OMX Armenia’s plans to start a set of activities that include among many others:

  • Replacing entirely the old trading technology with a modern one, which can provide direct connectivity to our exchange both for local retail and international traders.
  • Introducing a new crowdfunding platform that will enable startups to raise equity and debt capital via our services, while at the same time providing assurance and comfort to investors regarding the legal existence of the companies and confirmation of transaction and settlement.
  • Introducing Alternative Investment Market of Armenia (AIMA), where the issuers of securities can directly sell their bonds and other securities to retail investors, with guaranteed settlement at the depository level.
  • Generating cross-listing opportunities with European and Eurasian exchanges, bridging the two regions and using new business opportunities which have risen due to current geopolitical situation.
  • Introducing new anonymous OTC FX marketplace.
  • Building a multicurrency B2B unsecured credit trading platform for major companies, enabling trades on their own accounts.
  • Introducing FundNet, a fund registration platform, allowing local and international fund managers to set up multicurrency Armenian investment funds and benefit from a favorable legal regulations of Armenian jurisdiction.
  • Developing and introducing an electronic voting (e-voting) service at the depository for the ease of general shareholder meetings.
  • Implementing mobile/online applications for using depository services.
  • Launching affordable corporate services and solutions both for potential issuers and trading members to assist them with their entry to the exchange. The services will not be limited to locals only, but will be further extended to international clientele.

 

“Partnering with Clearstream Bank Luxembourg, Raiffasen Bank and Russia’s National Settlement Depository and others, we make Armenian securities accessible to over 50 markets. Now we aim to revive the international relations by introducing new approaches, solutions and technologies, as well as help local issuers improve the reputation and quality of the securities they issue. We are now developing an e-voting system that will enable investors to efficiently participate in companies’ governance wherever they are. This will significantly improve the corporate governance, which will in its turn directly impact their reputation,” said Vahan Stepanyan, CEO at Central Depository of Armenia.

 

The NASDAQ OMX Armenia strategy includes a range of other activities that all aim to promote the development of the Armenian capital market.

“Apart from international and regional business opportunities, we believe, it is the sustainable development and realization of the domestic market that will drive the strategic growth of our business. The new strategy has been launched in a favorable period because it’s noticeable that now Armenia’s business sector is more likely to show willingness to work transparently. This will make companies’ entry into the stock exchange easier creating opportunities for attracting relatively cheap and long-term money,” said Hayk Yeganyan, CEO at NASDAQ OMX Armenia.

Hayk Yeganyan believes these processes will positively affect citizens too because investing in financial instruments will allow them to earn more income than bank deposits offer, enabling them to have direct impact on the domestic economy.

NASDAQ OMX Armenia relies also on the investment banking service providers without whose professional intermediary activities it will be very difficult to develop the market.

“We strive to attract also non-resident investment companies to Armenia and I can say that so far we have witnessed much interest in entering the Armenian market from both EU and EEU investment companies. I hope along with the upgrade of the trading technology we will see some foreign companies participating in Armenia’s capital market,” he added.

The companies have very challenging three years ahead. The team have already accomplished one of the major milestones for achieving their main goals, by building and developing further a multi-cultural and multilingual team with diverse geographical backgrounds at the same time appreciating the existing know how and knowledge of many fellow employees. Even more, the company has successfully attracted new employees from the diaspora.

POST A COMMENT
Input digits     


News
No sentimentality: Armenia s country risk premium went down after  Washington agreementsNo sentimentality: Armenia s country risk premium went down after  Washington agreements
Central Bank of Armenia: High uncertainty in external demand remains  due to  deterioration risks  in global economic growth prospects and  current trends in tourist flows and remittances to ArmeniaCentral Bank of Armenia: High uncertainty in external demand remains  due to  deterioration risks  in global economic growth prospects and  current trends in tourist flows and remittances to Armenia
Central Bank of Armenia improved its GDP growth forecast for 2025 to  5.8-5.7%, still expecting strong decline in exports and importsCentral Bank of Armenia improved its GDP growth forecast for 2025 to  5.8-5.7%, still expecting strong decline in exports and imports
1.5 million tourists visited Armenia in January-August1.5 million tourists visited Armenia in January-August
Financial Education Program for Artsakh Schoolchildren Summarizes Results: IDBankFinancial Education Program for Artsakh Schoolchildren Summarizes Results: IDBank
Stable sideways trend instead of  decline: CB governor on real estate  pricesStable sideways trend instead of  decline: CB governor on real estate  prices
Armenia`s Central Bank governor does not believe that the downgrade  of the ENA rating could affect Armenia`s financial system stabilityArmenia`s Central Bank governor does not believe that the downgrade of the ENA rating could affect Armenia`s financial system stability
"Armenian Banking Days" were held in the capital of Austria
Armenia Central Bank:  Refinancing rate unchanged at 6.75%Armenia Central Bank:  Refinancing rate unchanged at 6.75%
EDB forecasts stabilization of Armenia`s economy EDB forecasts stabilization of Armenia`s economy 
RA Central Bank announces issue of commemorative coin on Henrik  Malyan`s 100th birthday anniversaryRA Central Bank announces issue of commemorative coin on Henrik  Malyan`s 100th birthday anniversary
AraratBank Co-Funds AraratBank Co-Funds "Culture - My Way" Project Financed by UNESCO
Subvention programs are the driving force of Kapan`s development Subvention programs are the driving force of Kapan`s development 
ACBA Bank develops open and trusting relationships with shareholdersACBA Bank develops open and trusting relationships with shareholders
Moody`s Ratings Downgrades Electric Networks of Armenia as a Result of Forced NationalizationMoody`s Ratings Downgrades Electric Networks of Armenia as a Result of Forced Nationalization
Russian gas supply to Armenia to be suspended for 10 daysRussian gas supply to Armenia to be suspended for 10 days
Mantashyants Entrepreneurs Club proposing draft law against tax  racketeeringMantashyants Entrepreneurs Club proposing draft law against tax  racketeering
Armenia preparing `rebranding` of national debtArmenia preparing `rebranding` of national debt
Armenia, US discussing cyber lab establishmentArmenia, US discussing cyber lab establishment
Brendan Hanrahan: Armenia, United States have significant potential  for bilateral cooperation in technological sphereBrendan Hanrahan: Armenia, United States have significant potential  for bilateral cooperation in technological sphere
From September 8-12, 2025, ruble transactions prevalent in Armenia`s  interbank  foreign exchange market instead of dollar transactionsFrom September 8-12, 2025, ruble transactions prevalent in Armenia`s  interbank  foreign exchange market instead of dollar transactions
Armenia proposes US to start developing  roadmap for TRIPP projectArmenia proposes US to start developing  roadmap for TRIPP project
In  Armenia`s insurance market,  loss ratio for OSAGO decreased to  74% by September 2025In  Armenia`s insurance market,  loss ratio for OSAGO decreased to  74% by September 2025
5,092,062 AMD to the Bridge of Hope NGO. The beneficiary for September is the Moonq Technoschool5,092,062 AMD to the Bridge of Hope NGO. The beneficiary for September is the Moonq Technoschool
 LEADER pilot program for rural development to cover three more  regions of Armenia LEADER pilot program for rural development to cover three more  regions of Armenia
High-Tech Ministry  discusses steps to turn Armenia into  regional  Web3 centerHigh-Tech Ministry  discusses steps to turn Armenia into  regional  Web3 center
SRC Head: Armenian Customs Service to operate on  SRC Head: Armenian Customs Service to operate on  "Trump Route"
Yerevan hosting international AI conference Yerevan hosting international AI conference 
Yerevan to host annual banking forum Yerevan to host annual banking forum 
Exchange of information on financial reports to apply only to  nonresidents Exchange of information on financial reports to apply only to  nonresidents 
Armenia`s defense budget 25% of national budget - president Armenia`s defense budget 25% of national budget - president 
Trump Road actually at practical stage - minister Trump Road actually at practical stage - minister 
More pluses than minuses - minister of reopening of Armenian-Turkish  border More pluses than minuses - minister of reopening of Armenian-Turkish  border 
Armenia`s finance minister call for `not terrorizing population by  national debt` Armenia`s finance minister call for `not terrorizing population by  national debt` 
Financing of participatory budgeting programs to be doubled in  Armenia in 2026Financing of participatory budgeting programs to be doubled in  Armenia in 2026
Pay your bill with Idram&IDBank, receive idcoinsPay your bill with Idram&IDBank, receive idcoins
 U.S. Department of State official announces allocation of $145mln to  Armenia for Trump route  U.S. Department of State official announces allocation of $145mln to  Armenia for Trump route 
Government agencies, organizations to return  property provided to  them free-of-charge by the end of 2027Government agencies, organizations to return  property provided to  them free-of-charge by the end of 2027
Only 15% of declarants in Armenia have filled out income  declarations. Deadline for filing- November 1Only 15% of declarants in Armenia have filled out income  declarations. Deadline for filing- November 1
The Regulator extends Gazprom Armenia CJSC license for natural gas  distribution The Regulator extends Gazprom Armenia CJSC license for natural gas  distribution 
Armenia, India discuss potential for direct flights between their  countriesArmenia, India discuss potential for direct flights between their  countries
Presentation of Mark Aren’s “The New Adventures of Sherlock Holmes” BookPresentation of Mark Aren’s “The New Adventures of Sherlock Holmes” Book
RA Ministry of High-Tech Industry hosts WB delegation RA Ministry of High-Tech Industry hosts WB delegation 
Mongolia`s concessions to Armenia to involve 98% of exports Mongolia`s concessions to Armenia to involve 98% of exports 
Energy cooperation with Iran discussed at RA Ministry of Territorial  Administration Energy cooperation with Iran discussed at RA Ministry of Territorial  Administration 
Armenia to allocate $7.5mln to subscribe for shares of the authorized  capital of Asian Infrastructure Investment BankArmenia to allocate $7.5mln to subscribe for shares of the authorized  capital of Asian Infrastructure Investment Bank
EIB to issue EUR 50mln loan to Armenia for socio-economic development  of Syunik EIB to issue EUR 50mln loan to Armenia for socio-economic development  of Syunik 
EIB puts forward initiative to specify some provisions of agreement  on financing of construction of Sisian- Kajaran section under  North-South program EIB puts forward initiative to specify some provisions of agreement  on financing of construction of Sisian- Kajaran section under  North-South program 
 Armenia, Iran discuss prospects of cooperation in oil and gas sector Armenia, Iran discuss prospects of cooperation in oil and gas sector
Deputy PM promises to consider  MP`s proposal to reduce sugar  consumption in ArmeniaDeputy PM promises to consider  MP`s proposal to reduce sugar  consumption in Armenia
20 million drams for Artsakh students, 10 million drams for a kindergarten for Artsakh children: IDBank20 million drams for Artsakh students, 10 million drams for a kindergarten for Artsakh children: IDBank
David Ananyan on Crossroads of Peace project David Ananyan on Crossroads of Peace project 
Inspection Authority: Another 11 organizations  get licenses to  export flowers to RussiaInspection Authority: Another 11 organizations  get licenses to  export flowers to Russia
Yerevan to host Discover Armenia festival Yerevan to host Discover Armenia festival 
Landslide blocks traffic on section of Mtskheta-Stepantsminda-Lars  roadLandslide blocks traffic on section of Mtskheta-Stepantsminda-Lars  road
New goods traceability rules to take effect in Armenia New goods traceability rules to take effect in Armenia 
The Power of One Dram Turns FiveThe Power of One Dram Turns Five
Martin Galstyan: Foreign partners reaction to  peace agreement  between Armenia, Azerbaijan in Washington is positiveMartin Galstyan: Foreign partners reaction to  peace agreement  between Armenia, Azerbaijan in Washington is positive
AraratBank and “4090 Charity” Foundation: 2309 Meters Above the EarthAraratBank and “4090 Charity” Foundation: 2309 Meters Above the Earth
Martin Galstyan:  Armenia`s economic growth is projected to be  4.9-5.3%  in 2025Martin Galstyan:  Armenia`s economic growth is projected to be  4.9-5.3%  in 2025
Read more
Exchange rates
16.09.2025
RUB4.630.01
USD383.120.00
EUR452.351.99
GBP522.040.73
CAD278.371.21
JPY26.050.06
CNY53.850.05
CHF484.292.26