Yerevan /Mediamax/. Within the framework of works, directed to expand the capacities of exchange trade, NASDAQ OMX Armenia launched two new exchange platforms on the basis of Armenian Stock exchange (Armex) trade system – for REPO trades on corporate securities, as well as manual trades.

As Mediamax was told in the press service of NASDAQ OMX Armenia, the implementation of the above-mentioned mechanisms is related to realization of trades in two important segments of the securities market.

REPO trading had been previously realized directly between banks and investment companies. At present, REPO and reverse REPO trades will allow the market participants getting funds against collateralized securities, and vice versa. The exchange platform now in place for REPO agreements simplifies the trade execution process, makes it fully automated, more secure, and helps substantially reduce the time required to complete a trade.

The mechanism of manual trades, launched by NASDAQ OMX Armenia, brings will allow the market participants realizing private trades through the system of exchange trades. Thus, manual trades that were more likely to be executed off-exchange can from now on be done through the manual trades mechanism, according to the rules of the stock exchange. The given mechanism implies significantly more flexibility and efficiency for the parties involved.

All Armex member investment companies and banks automatically get access to the newly introduced REPO and manual trade markets from the moment of their launch. Trading in both markets will open at 11:00am and close at 3:00pm each business day.