Armenian Stock Exchange edit
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Armenian Stock Exchange OJSC
Type Joint Stock Company
Founded 2001, demutualized in 2007
Headquarters Yerevan, Armenia
Key people Armen Melikyan, CEO
Industry Stock exchange
Owner NASDAQ OMX

The Armenian Stock Exchange is the only stock exchange currently operating in Armenia. It is known as Armex and is located in Yerevan, the capital city. 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 November 21, 2007, 100% of the stock exchange's shares were purchased by the Nordic exchange operator OMX Group that also operates seven other stock exchanges in the Nordic/Baltic region.

In March 2008, after combination between U.S. NASDAQ and Nordic OMX Group was completed, Armenian Stock Exchange became part of the world's largest exchange operator, the NASDAQ OMX Group, Inc.

The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on Armex include stocks, corporate bonds, Government and CBA bonds, as well as currency. Trading hours are 12:30-13:30 (local time, GMT+4) for corporate securities and 11:00-15:00 for Government and CBA bonds, and currency.

External links

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