The Federation of Euro-Asian Capital Markets
About Company
Armenia Stock Exchange
Established: 2001
Address: 26/1 Vazgen Sargsyan str., 5th floor, Erebuni Plaza Business Centre, Yerevan 0010, Armenia
Working Hours: 9:00 - 18:00
Contact Name: Elina Mirzoyan
Email: elina.mirzoyan@amx.am
Website: www.amx.am
- Joined FEAS in 1995 as Founding member
Hayk Yeganyan
Chief Executive Officer
2025 started on a positive note with issuance volumes increasing. Bond issuers from new sectors have emerged, for example, from the retail sector, which we didn’t have before. The government’s “State Support Program for Issuance and Rating” has played a key role here, through which issuers’ expenses and interests are partially repaid. As a result 7 new companies entered the market during the year and we expect this activity to be continued during the upcoming year as well. The European Bank for Reconstruction and Development (EBRD) has been actively implementing several programs to encourage retail issuers. The Armenia Stock Exchange (AMX) also kept constantly organizing “road-shows” - a series of presentations, to increase interest in the capital market among potential issuers. Our achievements were under the international loop as well AMX has been recognized as the “Best Securities Exchange South Caucasus 2025” and the “Fastest Growing Securities Exchange South Caucasus 2025” by Global Banking & Finance Awards.
Becoming the Host for ConFEAS2025 and celebrating FEAS 30th anniversary with our international partners was another good occasion to highlight our commitment of international relations expansion and development and as the biggest achievement of the year, I would like to highlight the signing of a joint agreement with the Abu Dhabi Securities Exchange, which allowed us to integrate the markets into the Tabadul platform. So during the year we achieved significant recognition in the United Arab Emirates and this is another good path that will bring mor recognition of Armenian capital market.
Along with that AMX has continued development of the market infrastructure and introduced the Remote Membership model, aimed at ensuring foreign investors' access to Armenia’s capital market. This new framework allows foreign brokers to participate in government bonds and foreign exchange trading without the need to establish a resident legal entity in Armenia.
On its way of expansion, our member Ameriabank become the first local bank to complete its system direct integration with AMX Trader system and this integration will significantly enhance transaction speed, remove the need for paper-based instructions, and reduces the risk of human error. Beyond technical upgrades, this partnership enhances the quality of investment services by offering a more convenient, faster, and secure tool for
Year in review