Within the new model, CDA will be capable to ensure centralized registry keeping, securiites custody as well as clearing and settlement of stock exchange transactions through introduction of specialized software solution and enhanced hardware and security facilities. Registry keeping and securities custody services will be provided to customers via account operators - investment companies and banks, which signed the relevant agreement with the CDA.
Such mediation of services will contribute to increased access of issuers and invesors to the depository services in all the regions of Armenia, more efficient risk management and supervision, higher customer service and increased competition among account operators in terms of providing comprehensive packages of corporate and investment banking services to their customers.
Opening the ceremony, Mr. Vahan Stepanyan, CEO, CDA, noted: "Modernization of Armenian depository system required joint effort of our staff, our colleagues from NASDAQ OMX, support of Central Banks of Armenia and now we are proud to announce that we managed to bring it in compliance with best international standarts, increasing safety and efficiency of operations and accessibility of depository services in regions of Armenia-.
The most up to date list of Account operators, currently servicing customers, is available at "Account operators" page (http://www.nasdaqomx.am/en/account_operators.htm) of NASDAQ OMX Armenia web-site.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
In January 2008, Nordic exchange operator OMX Group acquired 100% of the shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA became fully owned by the NASDAQ OMX Group, Inc. 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.
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