YEREVAN, January 20. /ARKA/. Araratbank is recognized as the best member of NASDAQ OMX Armenia in 2013 for the second consecutive year.

This year two events, awarding the best member and summarizing the results of the year were combined, director of NASDAQ OMX Armenia stock exchange Konstantin Saroyan said at the awarding ceremony Friday.

Among milestone events of the last year are introduction of a centralized deposit system that helped improve efficiency, reliability and security of the services, as well as the start of forex swap markets, building of sub-depository government bonds and introduction of AMPIS information system for funded pension system, Saroyan said.

Saroyan pointed out the possibility of arranging Eurobond settlement in Armenia and the opening of the Central Depository of Armenia bank account in Clearstream Banking Luxemburg that enables Armenian investors and financial organizations offering services with foreign equities. Armenian market page has been opened in international information systems of REUTERS and Bloomberg, he said.

Armenbrok ojsc was recognized as the best market participant in corporate stock market. Araratbank was considered the best in the government securities and loan resources markets. Bank VTB (Armenia) was the best in the foreign currency market.

Another two awards were given, the first one to Ameriabank cjsc for considerable contribution to increased REPO transactions in 2013, and the second one to the Armenian Development Bank for the first transaction on Eurobonds in Armenia’s financial market.

NASDAQ OMX Armenia (former Armenian Stock Exchange, Armex), was established in 2001 as a voluntary merger of 21 broker (dealer) companies. In November 2007 the stock exchange was reorganized into OJSC. OMX (current NASDAQ OMX) is a holder of 100% stock of NASDAQ OMX Armenia.

The stock exchange obtained 100% stock of Armenia’s Central Depository. NASDAQ OMX Armenia received a trade license from CBA on November 7, 2005. The trades on the stock exchange were officially launched on 15 November 2005.–0--