Market makers are important players in the marketplace, as they support the liquidity of securities by providing continuous bid and ask quotations. Holders of securities that have appointed market makers can be confident that they can sell their holdings at any time. Through enhancing the liquidity of securities, market makers contribute to the maintenance of an efficient and orderly market.

Code Exchange Members Market Maker Since Ticker Issuer List / Free Market Listing date
ARART "ARARATBANK" OJSC 26.07.2017 AMRBB7 "AMERIABANK" CJSC Abond 26.07.2017
ARART "ARARATBANK" OJSC 14.07.2017 BSTBB1 BSTDB Abond 14.07.2017
ARART "ARARATBANK" OJSC 12.05.2017 FNCAB2 "FINCA" UCO CJSC Bbond 12.05.2017
ARART "ARARATBANK" OJSC 13.03.2017 FNCAB1 "FINCA" UCO CJSC Bbond 13.03.2017
ARART "ARARATBANK" OJSC 08.02.2017 AMRBB3 "AMERIABANK" CJSC Abond 08.02.2017
ARART "ARARATBANK" OJSC 25.01.2017 AMRBB2 "AMERIABANK" CJSC Abond 25.01.2017
ARART "ARARATBANK" OJSC 01.07.2016 AMRBB1 "AMERIABANK" CJSC Abond 01.07.2016
ARMBR "ARMENBROK" OJSC 13.06.2017 ANLBB2 "ANELIK BANK" CJSC Abond 13.06.2017
ARMBR "ARMENBROK" OJSC 12.06.2017 UNIBB2 "UNIBANK" OJSC Bbond 08.06.2017
ARMBR "ARMENBROK" OJSC 27.04.2017 ANLBB3 "ANELIK BANK" CJSC Abond 27.04.2017
ARMBR "ARMENBROK" OJSC 31.03.2017 ARBBB2 "ARMBUSINESSBANK" CJSC Cbond 17.02.2017
ARMBR "ARMENBROK" OJSC 10.02.2017 ARBBB1 "ARMBUSINESSBANK" CJSC Bbond 10.02.2017
ARMBR "ARMENBROK" OJSC 25.01.2017 ANLBB1 "ANELIK BANK" CJSC Abond 20.01.2017
ARMBR "ARMENBROK" OJSC 30.06.2016 UNIBB1 "UNIBANK" OJSC Abond 29.06.2016
ARMBR "ARMENBROK" OJSC 10.02.2016 UNIB "UNIBANK" OJSC A 10.02.2016
ARMBR "ARMENBROK" OJSC 26.06.2015 SWISB1 "ARMSWISSBANK" CJSC Bbond 05.05.2015
ARMBR "ARMENBROK" OJSC 26.06.2015 SWISB2 "ARMSWISSBANK" CJSC Bbond 05.05.2015
ARMBR "ARMENBROK" OJSC 26.06.2015 SWISB3 "ARMSWISSBANK" CJSC Bbond 13.05.2015
CAINV "Capital Investments" CJSC 26.05.2017 COVSB2 "Converse Bank" CJSC Abond 26.05.2017
CONVS "Converse Bank" CJSC 27.01.2016 LPSFB1 "LOAN PORTFOLIO SECURITIZATION FUND 1" Foundation Bbond 27.01.2016
CONVS "Converse Bank" CJSC 27.01.2016 LPSFB2 "LOAN PORTFOLIO SECURITIZATION FUND 1" Foundation Bbond 27.01.2016
FCMAR "FUTURE CAPITAL MARKET" LLC 14.07.2017 BSTBB1 BSTDB Abond 14.07.2017
RNESA "RENESA" CJSC 06.12.2016 GLBLB3 "GLOBAL CREDIT" UCO cjsc Bbond 05.12.2016
RNESA "RENESA" CJSC 06.12.2016 GLBLB4 "GLOBAL CREDIT" UCO cjsc Cbond 05.12.2016
RNESA "RENESA" CJSC 21.11.2016 ARBKB2D "ARARATBANK" OJSC Bbond 18.11.2016
RNESA "RENESA" CJSC 12.08.2016 ARBKB2C "ARARATBANK" OJSC Bbond 10.08.2016
RNESA "RENESA" CJSC 08.07.2016 ARBKB2B "ARARATBANK" OJSC Bbond 06.07.2016
RNESA "RENESA" CJSC 25.12.2015 ARBKB2A "ARARATBANK" OJSC Bbond 18.12.2015
RNESA "RENESA" CJSC 03.12.2015 GLBLB1 "GLOBAL CREDIT" UCO cjsc Bbond 02.12.2015
RNESA "RENESA" CJSC 17.07.2015 ARBKB9 "ARARATBANK" OJSC Bbond 14.07.2015
RNESA "RENESA" CJSC 26.06.2014 ARBKB8 "ARARATBANK" OJSC Bbond 26.06.2014
SWISS "ARMSWISSBANK" CJSC 20.04.2017 AMRBB4 "AMERIABANK" CJSC Abond 20.04.2017
SWISS "ARMSWISSBANK" CJSC 09.12.2016 NMCCB2H "National Mortgage Company" RCO CJSC Abond 09.12.2016
SWISS "ARMSWISSBANK" CJSC 24.11.2016 NMCCB2G "National Mortgage Company" RCO CJSC Abond 23.11.2016
SWISS "ARMSWISSBANK" CJSC 23.10.2014 NMCCB2C "National Mortgage Company" RCO CJSC Abond 22.10.2014
SWISS "ARMSWISSBANK" CJSC 17.07.2014 NMCCB2B "National Mortgage Company" RCO CJSC Abond 11.07.2014
SWISS "ARMSWISSBANK" CJSC 02.04.2010 AHEK "ARTSAKH HEK" OJSC B 29.10.2009

The market maker concept was introduced on the Armenian Stock Exchange, now NASDAQ OMX Armenia, in December 2006. Market making status can be obtained by any exchange member who complies with the provisions of NASDAQ OMX Armenia Market Maker Rules. Market makers on NASDAQ OMX Armenia are required to:

  • provide continuous two-sided quotations for their appointed issue(s) from starting within 10 minutes after the opening of the trading session up until the close of trading;

  • within three minutes after the matching of buy and/or sell order, place new two sided quotations;

  • ensure the minimum quotation volume defined for their appointed securities, with partial execution stated as a condition (minimum quotation value is defined according to the procedure outlined in Market Maker Rules, depending on the market capitalization of the issuer);

  • provide two-sided quotations within the spread limits envisaged by NASDAQ OMX Armenia rules;

  • conclude at least one transaction per every three changes in two-sided quotations for each class of their appointed issues occurred during the same trading session.

Updated as of: 26.07.2017