Revolutionary step in Armenian capital market: Ameriabank gains  direct access to AMXTreader  Trading system for its clients

ArmInfo. Ameriabank has become the first bank in Armenia to offer its investment clients direct access to the Armenia Stock Exchange (AMX) trading system, AMXTrader,  through the MyInvest platform. Through this new integration, MyInvest  users can submit, buy and sell orders directly from Ameriabank's  mobile app, which are instantly reflected in the AMXTrader system as  stated by Diana Hakobyan, Co-Director of America's FX and Brokerage  Operations, in an interview with journalists on June 23 during an  event dedicated to the launch of cooperation with AMX.

She noted that thanks to the implementation of MyInvest, the Exchange  itself has become more active.  Particular, on one of the most active  platforms - the corporate bond market, more than half of the  transactions are made by Ameriabank clients.

Hayk Yeganyan, CEO of the Armenian Stock Exchange noted: "Ameriabank  is implementing this initiative at the right time, which will allow  it to be a step ahead of its competitors. This is an unprecedented  and bold initiative in the banking system of Armenia, because, for  the first time, the bank provides the opportunity to have direct  access to the stock exchange, that is, to see the exchange platforms  and trade in real time. Such initiatives have never been implemented  in the banking system of Armenia before." 

He mentioned that those wishing to invest have always sent their  applications by phone or via e-mail, which did not allow transactions  to be made at real prices. For any exchange, according to the head of  AMX, such a development can be considered revolutionary. Head of  America's  Investment Business Development Artush Yengibaryan, called  today a historic day for the development of Armenia's capital market.  He noted: "Thanks to this cooperation, we have laid the foundation  for electronic trading of securities in Armenia, which has  contributed to the development of the capital market." 

In response to  the ArmInfo correspondent's question, Yengibaryan  noted that the dynamics on MyInvest are inspiring, given that over  the past 3 years, both the transactions and the client base have  grown approximately threefold. "This is an indicator that people are  very interested in investments and are trying to find smarter and  more effective ways to manage their savings. And MyInvest, having  appeared on the market at the right time, can be said to meet the  needs of citizens in terms of making effective investments," he said.