Yerevan /Mediamax/. From now on, Armenian Stock Exchange (Armex) prolongs the daily trading hours on corporate securities from 1 to 4 hours.

As Mediamax was told in Armex press service, the trading of shares and corporate bonds will from now on be realized every workday from 11:00 to 15:00, just like the trading on currency and state bonds.

Armex noted that the prolongation of trading hours became possible due to the launch of new program modules, elaborated by the specialists of NASDAQ OMX Armenia and allowing automating the pre-trade and post-trade sessions.

Within the framework of the improved pre-trade session, the applications on blocking securities, received by the Central Depository from exchange member-companies, will be automatically entered into the system of mutual settlement of accounts on securities, established by the Depository. On the conclusion of exchange trades, the commitments of sides, which have appeared as a result of deals, concluded at the exchange, will also be automatically defined, generated into payment orders and sent to Armenian CB for the realization of final mutual settlement of accounts.

“The automation of pre- and post-haggle sessions allows securing a more convenient and perfect system of exchange trading for Armenian investment companies and banks”, Armex press service noted.