More than $100,000 to be invested to improve CDA and NASDAQ OMX Armenia stock exchange

20.01.2014 17:34
More than $100,000 to be invested to improve CDA and NASDAQ OMX Armenia stock exchange

YEREVAN, January 20. / ARKA /. More than $100,000 will be invested in 2014 in the Central Depository of Armenia (CDA ) and the NASDAQ OMX Armenia stock exchange to improve their efficiency, head of the stock exchange, Konstantin Saroyan, said today when summing up the past year.

"Our plan is to make the Armenian capital market more accessible to foreign investors and financial institutions and also to Armenian citizens,” he said.

He said it is important also to make the listing of Armenian Eurobonds in the first quarter at NASDAQ OMX Armenia stock exchange in order to make them available to local investors.

Another important task for this year, he said, is to ensure that foreign investors could buy and sell Armenian companies’ securities via foreign systems.

Saroyan also spoke about a joint project carried out with the Ministry of Finance - development of an online system for sale and purchase of government bonds by any person.

Saroyan also highlighted the launch of the trading system Genium INET, slated for the 4th quarter of this year.

"This is the fastest exchange system in the world  used by the Singapore Exchange, the Australian Stock Exchange, as well as by stock exchanges of NASDAQ OMX  and the Baltic countries " , he said.

"There are ambitious projects and I think they are feasible despite shortage of time," said Saroyan. -0-


Tags: , ,

Partners news
Loading...

Related Posts