Tweet
COMMERCIAL BANKS TO HAVE NEW CREDIT CONTRACTS IN "NASDAQ OMX ARMENIA"
YEREVAN, NOVEMBER 8, ARMENPRESS: Today NASDAQ OMX Armenia announced
launch of new credit contracts market. As reports Armenpress, the
director of NASDAQ OMX Armenia Konstantin Saroyan has noted that this
is another step towards expanding their offering to the market with
the aim to pioneer development of new financial instruments. He has
also noted that now they support trading and clearing in equities,
corporate and government bonds, foreign exchange, repo contracts,
overnight credit resources and credit contracts.
"Credit contracts market has a unique setup that combines anonymous
automatch trading and centralized collateral management. Thanks to our
development team now we are ready to offer this brand new product to
the market" Karen Zakaryan, Deputy CEO and project manager for credit
markets said.
>From now on credit contracts with maturity of 7 days will be traded
in the market. Later in 2013 credit contracts with longer and shorter
maturities will be introduced to provide market participants with
wide range of money market instruments, currently including also
overnight credit resources traded since April 2010. The new instrument
is expected to create one of the largest markets operated by NASDAQ
OMX Armenia. Along with overnight credit resources, it provides
opportunities for more efficient and flexible asset management,
as well as contributes to fair and transparent pricing of credit
instruments in the market.
NASDAQ OMX Armenia was founded in 2001. 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, it owns and operates 23 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. In January
2008, Nordic exchange operator OMX Group acquired 100% of shares of
the Armenian Stock Exchange (Armex) and the Central Depository of
Armenia (CDA).
YEREVAN, NOVEMBER 8, ARMENPRESS: Today NASDAQ OMX Armenia announced
launch of new credit contracts market. As reports Armenpress, the
director of NASDAQ OMX Armenia Konstantin Saroyan has noted that this
is another step towards expanding their offering to the market with
the aim to pioneer development of new financial instruments. He has
also noted that now they support trading and clearing in equities,
corporate and government bonds, foreign exchange, repo contracts,
overnight credit resources and credit contracts.
"Credit contracts market has a unique setup that combines anonymous
automatch trading and centralized collateral management. Thanks to our
development team now we are ready to offer this brand new product to
the market" Karen Zakaryan, Deputy CEO and project manager for credit
markets said.
>From now on credit contracts with maturity of 7 days will be traded
in the market. Later in 2013 credit contracts with longer and shorter
maturities will be introduced to provide market participants with
wide range of money market instruments, currently including also
overnight credit resources traded since April 2010. The new instrument
is expected to create one of the largest markets operated by NASDAQ
OMX Armenia. Along with overnight credit resources, it provides
opportunities for more efficient and flexible asset management,
as well as contributes to fair and transparent pricing of credit
instruments in the market.
NASDAQ OMX Armenia was founded in 2001. 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, it owns and operates 23 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. In January
2008, Nordic exchange operator OMX Group acquired 100% of shares of
the Armenian Stock Exchange (Armex) and the Central Depository of
Armenia (CDA).