The Armenia Stock Exchange and Central Depository are employing cutting-edge technological solutions to redefine the way exchange members, investors, and issuers interact with the capital market. Regional Post explores the latest offerings available.
Text : Elina Mirzoyan
Photo : Armenia Stock Exchange (AMX)
Just a few years ago, the mention of a stock exchange might have conjured images of a bustling trading floor, filled with noise, chaos, and a frenzy of transactions. Today, this traditional image has been completely transformed by the power of technology.
Stock markets worldwide have evolved into highly efficient, digital ecosystems, where trades are executed with unprecedented speed, transparency, and accessibility. In Armenia, the AMX—Armenia Stock Exchange and Central Depository, are at the forefront of this transformation.
CDA Online: Simplifying Investor Connectivity
One of the most impactful innovations developed by the Central Depository of Armenia is CDA Online, a comprehensive digital platform that bridges the gap between individual investors, companies, and their securities accounts. This user-centric solution allows participants to manage their portfolios, access real-time information, participate in electronic voting, and engage in corporate actions—all from the convenience of their devices.
Key features of CDA Online include:
- Portfolio Reporting: Investors gain real-time access to their securities accounts, transaction history, operator details, and information on corporate actions.
- Transfer Services: Whether it’s a Free Delivery, Portfolio Transfer, DvP, or Fund Subscription, users can initiate and manage their transactions seamlessly.
- E-Voting for Shareholders: Shareholders can now actively participate in annual and extraordinary general meetings from anywhere. With secure access to agendas, voting options, and updates, corporate engagement has never been more convenient.
- Online Securities Account Opening: Investors can easily open securities accounts digitally without the need for physical presence at an account operator if they have a bank or brokerage account at one of CDA’s partner financial institutions.
- Pension Fund Management: Participants with funded pensions can check their account balances and adjust their pension fund details online, enhancing financial inclusivity and convenience.
E-Voting: A Game-Changer for Corporate Governance
The E-Voting feature of CDA Online exemplifies the platform’s transformative impact on corporate governance. Traditionally, shareholders’ meetings required significant logistical planning, physical presence, and high costs. With E-Voting, the process has become more accessible, efficient, and transparent.
Some of its groundbreaking advantages include:
- Remote Participation: Shareholders and corporate administrators can join and manage meetings from anywhere, ensuring higher participation rates and flexibility.
- Enhanced Transparency and Accountability: Secure digital recording and archiving of voting data ensures compliance with modern corporate governance standards.
- Simplified Administration: Companies can easily organize meetings, share agendas, track voting in real time, and compile results, drastically reducing manual effort and the potential for errors.
- Cost Efficiency: E-Voting eliminates the need for physical venues, travel, and other logistical costs, while maintaining robust shareholder engagement.
- Streamlined Processes: Shareholders can register, review agendas, and cast votes with just a few clicks, enhancing the overall user experience.
AMXTrader: Empowering Exchange Members and Sponsored Clients
AMXTrader is the gateway to Armenia’s capital market, offering a robust, digital platform that has transformed the trading landscape. By digitizing stock exchange operations, AMXTrader ensures faster order execution, increased trading volumes, and enhanced market liquidity. Designed to promote transparency, efficiency, and accessibility, it has become an indispensable tool for investors, exchange members, and sponsored clients seeking seamless engagement with Armenia’s financial ecosystem.
What AMXTrader Offers
AMXTrader delivers a comprehensive suite of tools and features to facilitate participation in various market segments:
- Access to Auctions: Seamlessly participate in primary market auctions for government and corporate bonds, enabling direct investment opportunities.
- Secondary Market Trading: Effortlessly buy and sell government and corporate securities, ensuring liquidity and flexibility.
- ETPs and Derivatives: AMXTrader supports the trading of a wide range of exchange-traded products (ETPs) and derivatives, providing technological flexibility that drives AMX’s growth and fosters the development of innovative products and services.
- Currency Trading: Engage in foreign exchange transactions for added financial opportunities.
- Integration: The trading system provides modern solutions for integration with financial infrastructure, enabling market participants to connect to the trading system using their own technological solutions.
- Market Data: Stay informed with real-time data, including bid and ask prices, market depth, trading volumes, and other essential market information.
AMXTrader simplifies and enhances the trading experience, catering to the needs of both
seasoned investors and newcomers. Whether trading bonds, stocks, or currencies, the platform provides a secure, efficient, and transparent path to success in Armenia’s evolving financial market.
Gp.minfin.am: A Secure and Easy Way to Invest in Government Bonds
AMX’s commitment to innovation extends to fostering public accessibility in the government bond market through its gp.minfin.am platform.
Designed to simplify investment processes, gp.minfin.am provides a secure, user-friendly way for local and foreign retail investors as well as institutional investors to purchase Armenian government bonds directly.
This platform is a collaboration between AMX and the Ministry of Finance, aligning with the broader goal of promoting financial literacy and citizen participation in Armenia’s economic development.
Key features of gp.minfin.am include:
- Direct Purchase Access: Individuals can easily buy government bonds online without intermediaries, ensuring a seamless and transparent investment process.
- Secure Transactions: The platform is equipped with advanced security measures, guaranteeing the safety of users’ financial data and transactions.
- User-Friendly Interface: Even novice investors can navigate gp.minfin.am with ease, making government bond investment more inclusive.
- Reliable Market Information: Investors can access up-to-date details about bond issuance, yields, and maturity dates to make informed decisions. Foreign investors have access to real-time Central Bank exchange rates and an exchange rate calculator to account for rate fluctuations when making investment decisions.
gp.minfin.am not only democratizes access to government bonds but also supports the Armenian government in funding vital public projects, strengthening the bond between citizens and the nation’s economic growth.
Driving the Future of Armenia’s Capital Market
The Armenia Stock Exchange, which owns the 100% shares of Central Depository, is not just keeping pace with global technological trends—it is actively setting new benchmarks for digital transformation in the region. These innovations empower investors, streamline corporate operations, and enhance market transparency, creating a vibrant ecosystem that supports Armenia’s economic development.
Hayk Yeganyan, CEO of Armenia Stock Exchange, commented on the transformative role of innovation in Armenia’s financial market: “At AMX, we are dedicated to building a financial ecosystem that connects Armenia’s capital market with the global investment community. Our focus on cutting-edge platforms and international partnerships opens new avenues for cross-border investments, creating opportunities for both local and foreign investors. By enhancing market access and efficiency, we aim to position Armenia as a vibrant hub for financial activity in the region, fostering deeper integration with global markets and driving sustainable economic growth.”
Ani Makaryan, CEO of Central Depository of Armenia, shared her vision for the company’s future: “At the Central Depository, we are dedicated to leveraging the latest technological advancements to enhance the accessibility, efficiency, and reliability of our depository services. Our current platforms mark the first step in a broader transformation designed to streamline interactions for investors, issuers, and professional service providers alike. Looking ahead, we will continue to adopt innovative solutions that empower Armenian investors and issuers to navigate and succeed in the ever-evolving global financial environment.”
As AMX continues to implement forward-thinking solutions, it reinforces its role as the cornerstone of Armenia’s capital market—a driving force that is not only modernizing the financial landscape but also positioning Armenia as a regional leader in financial technology.
In a world where innovation defines progress, AMX and CDA are proving that the future of finance in Armenia is not just digital—it’s transformative.
Join us on Telegram