Armenian Stock Exchange Renamed NASDAQ OMX Armenia
As part of the NASDAQ OMX Group s continued commitment to the development of the Armenian capital market by implementing industry best practices, service quality, and innovation associated with the NASDAQ OMX brand worldwide, Armenian Stock Exchange ojsc has been renamed as NASDAQ OMX Armenia ojsc. The official name change was registered by the Central Bank of Armenia and became effective from January 27, 2009.
As one may recall, already since the summer of 2008, the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA) have replaced their old logotypes with the NASDAQ OMX logotype. Ever since the NASDAQ OMX Group, Inc. became the owner of the stock exchange and the depository, NASDAQ OMX Armenia has also been used to jointly refer to both companies. The legal name change is another logical step towards the full integration of Armex and CDA into the global family of NASDAQ OMX companies – with all benefits that this process will have for the Armenian market.
With a renewed inspiration from the new name, NASDAQ OMX Armenia will carry on with its efforts to improve the exchange trading environment and services rendered to market participants and issuers to establish a trusted and liquid marketplace that meets the needs of customers in Armenia and beyond.