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{{Infobox company
]
| name = Armenia Stock Exchange
| logo = AMX logo 2024.svg|
| logo_size = 220px
| type = ]
| industry = ]
| foundation = 2001, demutualized in 2007
| location = ], ]
| key_people = Hayk Yeganyan, CEO
| revenue =
| net_income =
| num_employees =
| subsid =
| products = listing, organized market to trade stocks, corporate and Government bonds, foreign currency
| website =
}}
The '''Armenia Stock Exchange''' ('''AMX''') ({{langx|hy|Հայաստանի ֆոնդային բորսա|translit=Hayastani fondayin borsa}}), formerly known as '''NASDAQ OMX Armenia''' and the '''Armenia Securities Exchange''', is the only ] currently operating in ]. It is located in ], the ]. The state regulatory authority for the stock exchange and the Armenian securities market is the ] (CBA). Instruments currently traded on AMX include stocks, corporate bonds, ], ], SWAP and REPO (repurchase agreements) on corporate securities.<ref>{{Cite web|url=http://cda.am/en/37/information-centre/38/newsroom/item/1727/armenia-securities-exchange-and-central-depository-of-armenia-achieved-iso-9001-2015-and-iso-iec-27001-2013-certification|title=Newsroom - Armenia Securities Exchange|website=cda.am|access-date=2019-08-02}}</ref>


==History==
The '''Armenian Stock Exchange''' is the principal ] of ]. It is known as '''Armex''' and is located in ], the ]. The stock exchange began operations in ]. As of April 2007 the Chairman of the Armex Observers Board is ]. In 2007 it was purchased by the Swedish ] that also operates seven other stock exchanges in the Nordic/Baltic region.
Since 1995, the Armenia Stock Exchange has been a member of the ]. The headquarters of the Federation is located in ].<ref>"</ref>


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 ]. In March 2008, after the ] of ] and ] was completed, Armenian Stock Exchange, as well as the ], became part of the ]. 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).<ref name=am>{{cite news
⚫ ==External links==
| url= https://www.armbanks.am/en/2019/01/18/118437/
⚫ *
| title= NASDAQ OMX Armenia renamed to Armenia Securities Exchange – AMX
| work= Armenian Banks
| date= 2019-01-18
| access-date= 2020-12-23
| archive-date= 2020-11-20
| archive-url= https://web.archive.org/web/20201120133408/http://www.armbanks.am/en/2019/01/18/118437/
| url-status= dead
}}</ref>


In December 2019, the exchange became a partner member of the ].<ref>{{cite web| url = https://sseinitiative.org/stock-exchange/amx| title = Armenia Securities Exchange | website = | publisher = United Nations Sustainable Stock Exchanges Initiative| access-date = July 4, 2024}}</ref>
⚫ {{Armenia topics}}
{{armenia-stub}}


In September 2020, it was announced that the ] is interested to acquire 65% of AMX shares.<ref name=mv>
⚫ ]
{{cite news
⚫ ]
| url= https://mondovisione.com/media-and-resources/news/gpw-intends-to-take-over-the-armenia-securities-exchange/
⚫ ]
| title= GPW Intends To Take Over The Armenia Securities Exchange
⚫ ]
| work = Mondo Visione
]
| date=2020-09-18
| access-date=2020-12-23}}
</ref> 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.<ref>{{Cite web|url=https://armenpress.am/eng/news/1084008.html|title=Central Bank approves Warsaw Stock Exchange acquisition of Armenia Securities Exchange (AMX) 65.03%|website=armenpress.am}}</ref>


==Management==
]
The Armenia Stock Exchange is operated by a supervisory board, as well as a local management team. The management team consists of Hayk Yeganyan, ], Mikayel Hayrapetyan, ].
]
]


==The Funded Pension System==
In 1997 the “Securities Market Members Association” was established which later, in November 2000, was renamed into “Armenian Stock Exchange” (ASE/Armex). Since 2001 Armex was acting as a self-regulatory organization. In November 9, 2007 Armex was reorganized into open joint stock company and already in January 7, 2008 Swedish exchange operator OMX AB became the owner of 100% of the shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). Later the same year the NASDAQ OMX Group, Inc. (NASDAQ OMX) was created in the result of merger of two largest exchange operators – US Exchange operator NASDAQ and Swedish OMX AB. Thus, nowadays Armex is a part of the world’s largest exchange company – NASDAQ OMX.
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.<ref>{{Cite web|url=http://arka.am/en/news/economy/armenia_s_president_gives_full_support_over_government_s_pension_reform/|title = Armenia's president gives full support over government's pension reform}}</ref> According to the new legislation, the ] made an agreement with the ] 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.<ref>{{Cite web|url=https://amx.am/en/cda_pension.htm|title=AMX &#124; Armenia Securities Exchange - list and trade with us|website=amx.am}}</ref>


Since the new ] 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.<ref>{{Cite web |url=http://www.balkans.com/open-news.php?uniquenumber=188836 |title=Activity increased on the Armenian stock exchange- pension reforms in doubt |access-date=2014-02-28 |archive-url=https://web.archive.org/web/20140305175412/http://www.balkans.com/open-news.php?uniquenumber=188836 |archive-date=2014-03-05 |url-status=dead }}</ref>
Armenian Stock Exchange is the only stock exchange operating in Armenia. Core activities include securities listing, organizing exchange trade in securities and foreign currency, disclosure of information on listed companies and exchange trade results. Armex’s mission is to create favorable environment for Armenian companies to raise capital, and to provide domestic and foreign investors with good conditions and opportunities to invest in the Armenian economy, as well as to establish efficient, fair and transparent securities market in Armenia.


==See also==
Since 2002 Armex is a full member of the Federation of Euro-Asian Stock Exchanges (FEAS) and International Association of Exchanges of CIS (IAEx of CIS).
{{Portal|Business|Economics}}
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*]


==References==
Any legal entity, who is acting as a participant of the securities market, performs brokerage and/or dealer activity in conformity with the legislation of the Republic of Armenia, may become a member of the Armenian Stock Exchange OJSC.
{{reflist}}

⚫ ==External links==
⚫ *

{{World Federation of Exchanges}}
⚫ {{Armenia topics}}
{{Yerevan landmarks}}

]
⚫ ]
⚫ ]
⚫ ]
⚫ ]
]
]

Latest revision as of 14:06, 18 November 2024

Armenia Stock Exchange
Company typeJoint Stock Company
IndustryStock exchange
Founded2001, demutualized in 2007
HeadquartersYerevan, Armenia
Key peopleHayk Yeganyan, CEO
Productslisting, organized market to trade stocks, corporate and Government bonds, foreign currency
Websiteamx.am

The Armenia Stock Exchange (AMX) (Armenian: Հայաստանի ֆոնդային բորսա, romanized: Hayastani fondayin borsa), formerly known as NASDAQ OMX Armenia and the Armenia Securities Exchange, 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.

History

Since 1995, the Armenia Stock Exchange has been a member of the Federation of Euro-Asian Stock Exchanges. The headquarters of the Federation is located in Yerevan.

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).

In December 2019, the exchange became a partner member of the Sustainable Stock Exchanges Initiative.

In September 2020, it was announced that the Warsaw Stock Exchange is interested to acquire 65% of AMX shares. 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.

Management

The Armenia Stock 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

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. 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.

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.

See also

References

  1. "Newsroom - Armenia Securities Exchange". cda.am. Retrieved 2019-08-02.
  2. "
  3. "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.
  4. "Armenia Securities Exchange". United Nations Sustainable Stock Exchanges Initiative. Retrieved July 4, 2024.
  5. "GPW Intends To Take Over The Armenia Securities Exchange". Mondo Visione. 2020-09-18. Retrieved 2020-12-23.
  6. "Central Bank approves Warsaw Stock Exchange acquisition of Armenia Securities Exchange (AMX) 65.03%". armenpress.am.
  7. "Armenia's president gives full support over government's pension reform".
  8. "AMX | Armenia Securities Exchange - list and trade with us". amx.am.
  9. "Activity increased on the Armenian stock exchange- pension reforms in doubt". Archived from the original on 2014-03-05. Retrieved 2014-02-28.

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