CEO of NASDAQ OMX Armenia Armen Melikyan said that Armenia was the first among CIS countries to host OMX stock operator. Meanwhile, the country’s government and Central Bank have assisted considerably the development of securities market, Melikyan told Cbonds Russia & CIS Fixed Income Conference on July 1.

He advised potential issuers to undergo listing in Armenia, as the tariff policy is rather attractive here.

Referring to the stock’s plans, Melikyan attached importance to introduction of a new trade system and depository system, as well as transfer to T+3 mechanism, as the technical equipment of NASDAQ OMX Armenia should be on an appropriate level.

Melikyan also stated that NASDAQ OMX Armenia will start working directly with potential issuers, explaining the “rules of play.” According to the CEO, earlier brokers and investment banks were responsible for it, but they have not displayed appropriate activity.

Besides, NASDAQ OMX Armenia will be working on attraction of new IPO to the Armenian capital market. Melikyan believes that there are great opportunities in the consumer field, specifically among supermarkets.