20.02.2018 18:28
YEREVAN, February 19. /ARKA/. NASDAQ OMX Armenia Stock Exchange is finalizing a new development strategy, where new products and services will play a key role. In an exclusive interview with ARKA news agency the director of the stock exchange Hayk Yeganyan speaks about how this reorganization process is progressing, what role new technologies should play in it, and what opportunities are opening up for the Armenian businesses and private investors.
ARKA - Mr. Yeganyan, will the development strategy of the Armenian stock exchange change with the change of its leadership? If so, what will be emphasized in particular?
A. Yeganyan – The Armenian Stock Exchange is finalizing a new development strategy. Its most important feature is the creation of new products and services that will be in demand at the financial market. We must make sure that the services of the exchange become available to retail investors not only through banks and investment companies, registered with the exchange, but also directly, both within Armenia and outside it. The practice shows that lack of access leads to a lack of demand, so it is very important to provide investors with direct market access. But for this, first and foremost technologies are needed, which we do not have. Our market for securities is restricted and we should not expect its development without new technologies. It is necessary that people be able to get access to the stock exchange and trading through their smartphones and computers. We do not have such technological support. Therefore, first of all, we must provide technology, and then it will become clear what regional and local opportunities we have. The process of introduction of new technological support will not take much time - a year or a year and a half. It should be noted that when developing a new strategy and identifying priority development directions, we also took into account the requirements and experience of the exchange participants and are grateful to them for their active cooperation.
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