About Amx | armenia securities exchange and central depository
AMX | Armenia Securities Exchange and Central Depository: Revolutionizing the Financial Landscape
Armenia has been a hub of economic activity for centuries, with its strategic location at the crossroads of Europe and Asia. The country's financial sector has undergone significant changes in recent years, with the establishment of AMX - Armenia Securities Exchange and Central Depository. This innovative platform has transformed the way securities and bonds are traded in Armenia, providing investors with greater transparency, efficiency, and security.
AMX was founded in 2001 as a joint-stock company by the Central Bank of Armenia (CBA) and several commercial banks. Its primary objective was to create a modern securities market that would attract both domestic and foreign investors. In 2019, AMX underwent a major transformation when it merged with Nasdaq OMX Armenia to become one of the most advanced exchanges in Eastern Europe.
Today, AMX offers a wide range of financial instruments such as stocks, bonds, Eurobonds, repo agreements, investment funds units (IFUs), exchange-traded funds (ETFs), corporate bonds issued by Armenian companies or international organizations operating in Armenia. The exchange operates on an electronic trading platform that provides real-time information on prices and volumes traded.
One of AMX's key strengths is its central depository system which ensures secure settlement for all transactions conducted on its platform. The central depository acts as an intermediary between buyers and sellers by holding securities until payment is made or delivery is received. This eliminates counterparty risk while reducing settlement time from T+3 to T+2 days.
AMX also plays an important role in promoting financial literacy among Armenians through various educational programs aimed at increasing awareness about investing opportunities available on its platform. These programs include seminars for students interested in finance careers as well as workshops for individual investors looking to expand their knowledge about different investment products.
In addition to providing access to local markets through its trading platform, AMX has also established partnerships with international exchanges such as the London Stock Exchange, Deutsche Börse, and Moscow Exchange. These partnerships enable Armenian companies to raise capital abroad while providing foreign investors with access to Armenia's growing economy.
AMX's commitment to innovation and transparency has earned it recognition from international organizations such as the World Federation of Exchanges (WFE) and the International Organization of Securities Commissions (IOSCO). In 2020, AMX was awarded "The Best Stock Exchange in Central and Eastern Europe" by Global Banking & Finance Review.
In conclusion, AMX is a game-changer in Armenia's financial sector. Its innovative platform provides investors with greater access to local markets while promoting financial literacy among Armenians. With its central depository system ensuring secure settlement for all transactions conducted on its platform, AMX is well-positioned to attract both domestic and foreign investors looking for a reliable investment destination in Eastern Europe.