NASDAQ OMX Armenia became executive board member of FEAS

23.11.2016 18:37
NASDAQ OMX Armenia became executive board member of FEAS

YEREVAN, November 23. /ARKA/. During the General Meeting of the Federation of Euro-Asian Stock Exchanges (FEAS) held on November 19-21, 2016 in Egypt, “NASDAQ OMX Armenia” OJSC has been elected as FEAS Executive Board Member.

Executive board is the second supreme governing body of the Federation and is comprised of eleven FEAS members. The responsibilities of the Executive Board include such matters, as the development of the Federation policies, recommendation on Federation membership dues, budgeting and etc.

"Status of FEAS Executive Board Member is very exciting and at the same time, a responsible step for us. This gives an opportunity not only to introduce Armenian capital market at a new international level, but also contributes to the exchange of experience and provides opportunities for new international cooperation", said Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia.

To recall, NASDAQ OMX Armenia, formerly known as “Armenian Stock Exchange” has been FEAS member since 2002.

The Federation of Euro-Asian Stock Exchanges (FEAS) was established on May 15, 1995. The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in the Euro-Asian Region (i.e. Europe, Asia and the Mediterranean Basin). Currently FEAS has more than 30 members, including stock exchanges, post trade institutions, dealers associations and regional federations from 30 countries.

NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc.

NASDAQ OMX Armenia and Central Depository of Armenia are among the main securities market infrastructure institutions in Armenia.The exchange offers to the market professionals a fully automated electronic trading platform. -0-

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