ArmInfo. The Armenia Securities Exchange (AMX) will start cross-listing with the Warsaw Stock Exchange, AMX Director General Hayk Yeganyan stated at the awards ceremony for the most active securities market participants.
One of the 20 initiatives forming part of the 5-year strategic development plan of Armenia's capital market developed in cooperation with the WFA and Central Bank of Armenia, with the assistance of the EBRD.
The AMX plans to introduce a WFA market protection programme enabling automating all the processes.
Major world actors, including SIX, Euroclear and Clearstream are showing interest in the newly created AMX Trader and CDA platforms, and the WFA's entry to Armenia's market will launch a process of establishing ties with international banks and depositaries.
"It is most important because when they see the stockholder, all the Due Diligence are simplified," Mr Yeganyan said.
He also expressed his satisfaction with a new AMX Board, formed of highly experienced experts. I think these are most importance changes because the securities exchange cannot progress without a highly experienced Board," he said.
Summing up the results, Mr Yeganyan reported a growth in Armenia's stock and corporate bond market and a 10% annual growth in trade in government securities, and 25% increase in the number of transactions with government bonds and a 10-fold growth in stock business. Stock market capitalization totaled AMD 267bln last year (AMD 173bln) in 2021.
On May 24, 2022, the CBA Board agreed to the purchase of the Armenian Security Exchange by the Warsaw Stock Exchange. Under a purchase agreement the Warsaw Stock Exchange purchased 65.03% (967 shares) of the AMX. The CBA's share remained 25.02%, and the AMX's share 9.95%. An AMD 873mln transaction was effected.
Armenia Securities Exchange (AMX) is the only securities regulated market operator in Armenia. As an integrated exchange offering, AMX provides a full suite of services including listing, trading, clearing, information services and alternative market solutions. Investors receive a wide range of investment products and maximum transparency, together with the smooth and efficient execution and clearing of trade transactions. Being a 100% shareholder of the Central Depository of Armenia, AMX also provides integrated settlement solutions for both resident and non-resident clients by utilizing the central depository's international settlement network and relationships with global depositories.
AMX as a group has a pivotal role in the Armenian financial system.
