Tuesday, March 21 2023 16:19

ArmInfo.On March 20, AMXTrader,a new trading system has been successfully launched by Armenia  Securities Exchange (AMX).The new trading system will allow market  participants to develop and implement new types of exchange products  and tools. It will provide additional flexibility to market  participants by allowing implementation of multiple functions on a  single platform. This was noted in a message released on March 21 by  the Armenia Securities Exchange -AMX.  

AMXTrader was released after being actively tested by the  participants. It is fully replacing the old RTS-Armex Plaza system.   Considering its innovative solutions, the new system is an affordable  and effective tool for the trade members, sponsored market access  clients, and other market participants. For the first time,  individuals are able to make transactions directly via the trading  platform. 

AMXTrader is providing an opportunity for its users to trade in both  primary and secondary markets at the same time, in a single package.   In the new system, the orders will be based off of the security price  and not the yield - according to international standards. 

Thanks to having multiple system modules, AMXTrader allows for  separation of repo deals, negotiated deals, and double-side auctions.  A convenient filtration system is offered, for the participants to  quickly find and work on whatever orders and deals they need to  amend. 

AMXTrader has a new messaging system, which allows the participants  to be informed on whatever is happening in their workspace.  

The AMXTrader provides participants with the following benefits and  opportunities:  To have a unified system for the organization of  foreign exchange trading, auctions and trading in the primary and  secondary markets of government and corporate securities; Possibility  of development and implementation of new types of stock exchange  products and tools; The ability to directly connect to the trading  system of exchange members' clients, submit applications and conclude  transactions; Integrate new features and software applications,  including international, stock trading systems.  

To ensure a smooth transition to the new trading system, the AMX  website is constantly updating the FAQ page.  The new trading  platform will be a new incentive not only for the activation of the  foreign exchange market, but also for the implementation of new tools  and mechanisms in Armenian financial market. AMX continues to be  committed to the modernization of the regulated securities market,  currency exchange platforms and new services.

Armenia Securities Exchange (AMX) is the only securities regulated  market operator in Armenia. AMX offers exchange services, such as  listing, trading, clearing and informational services, as well as  alternative exchange solutions. The Exchange settlement is carried  out by Central Depository of Armenia which is 100% owned by Armenia  Securities Exchange. AMX's mission is to foster the Exchange's  infrastructure of capital market, making it an active financial asset  for the development of Armenia's economy.