We will be updating this section with more answers, so please check back if you wonder what kind of questions people ask these days. If you have your own question that is not listed here please feel free to address it to Parandzem Avagyan, Head of Marketing & Communications.
Armenia Securities Exchange (formerly"NASDAQ OMX Armenia") is the new official name that the Armenian Stock Exchange has got. Scince June 5, 2009, Armenia Securities Exchange has been the sole shareholder of the Central Depository of Armenia.
Only companies holding a license from the Central Bank of Armenia to provide investment services and having obtained membership/market participant status from Armenia Securities Exchange can trade on the exchange. A list of such companies can be found in this section of our website. To have a security bought/sold on the stock exchange, please contact any of them.
There are no restrictions applicable. Most of Armenia Securities Exchange member investment companies currently serve both local and international customers.
Trading sessions are held every business day of the week, except public holidays. Trading hours for all instruments traded on Armenia Securities Exchange are from 11:00am to 3:00pm.
The results of the trading sessions are posted on a daily basis on our official website under Market Data section. Daily and monthly trading session result summaries are provided to “ARKA”, “Arminfo”, and “Mediamax” news agencies. There is an Internet portal dedicated to the Armenian capital markets at www.capitalmarket.banks.am. More detailed analytical information and monthly trading statistics can be found in Armenia Securities Exchange monthly bulletins, which are posted here. Armenia Securities Exchange also has an agreement on providing market data to Bloomberg and Reuters.
Yes, it is. Trading on Armenia Securities Exchange is done via a fully automated trading system, and market participants do not even have to physically come to the stock exchange to buy and sell financial instruments. Instead, they connect to the trading system from terminals installed at their own offices, see all orders in their monitors, and trade remotely. The crowd and the yelling that you may be referring to is a part of the open outcry auction, which they had back when the stock exchanges first started in now developed markets. This such called “trading pits” are still preserved in many countries, if more as a tradition, since almost all trading worldwide is now done through electronic trading platforms.
No, you can not. Only investment companies and banks licensed by the Central Bank of Armenia can become stock exchange members and market participants, and use the trading system. You can only participate in the exchange trading directly if you become a trade participant acting as part, or on behalf of such investment company or a bank.