“FINARM” Financial Market Members Association is a non-governmental public organization. It is a public union to which legal entities operating both in Armenian and foreign financial markets can adhere.
It is a joint structure established to concentrate the full information regarding current issues on financial market and its development projects, to ensure the maximum involvement of market participants in various initiatives while raising the level of institutional commitment and mastering cooperation between different stakeholders.
* Market-makers are obliged to submit daily Bid and Ask quotations into AMX Stock Exchange platform with minimum quote size of 0.5% of outstading volume of the given bond and maximum spread of 7%. E.g. if the Ask yield is 8%, then Bid yield shall not exceed 8.56%.
* Government bond market Agents (market-makers) are Ameriabank, Araratbank, Ardshinbank, Armbusinessbank, Armeconombank, Converse Bank, IDBank. Agents are obliged to submit daily Bid and Ask quotations into AMX Stock Exchange platform with minimum quote size of 0.1% of outstading volume of each Benchmark bond and maximum spread of 5%. E.g. if the Ask yield is 8%, then Bid yield shall not exceed 8.4%.
To ensure continued development of the Armenian financial market through mutually beneficial cooperation of market participants, issuers, institutional investors, financial infrastructure and other stakeholders interested in market development, as well as to support the increase of the role of the Armenian financial market in the region and beyond its borders.
To become a well-established structure that ensures effective advocacy on behalf of its members and supports their continual professional growth, stands as a reliable partner in efforts to bringing the market into next level through consistent development, and to achieve a level of synergy that will allow each member to attain a value added greater then their contribution to the Association.