introduce a market-maker institute;
introduce trading in government bonds;
develop and introduce FX market trading and new clearing mechanisms;
expand regional and international cooperation;
facilitate the launch of trading in securities on a non-covered basis;
establish a Guarantee Fund to increase investor protection;
enhance the activities of the Armex Training Center to conduct educational seminars for trade participants, broker/dealer community, reporting companies and general public;
develop and introduce capital adequacy requirements for exchange member companies; and
undertake steps to increase public awareness of the Armenian securities market.