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<strong>Contents</strong>NASDAQ OMX in Armenia 3Overview of Activities in 2009 4Future Plans 8Exchange Trading Summary 2009 9Equities Market 9Listed Companies and Market Capitalization 11Listed Companies Rankings by Selected Criteria 12Fixed Income Trading: Corporate Bonds 15REPO Market 17Fixed Income Trading: Government Bonds 17Foreign Currency Market 18Depository Activities Summary 2009 21NASDAQ OMX Armenia Member Companies 242 | Annual Review 2009 | NASDAQ OMX Armenia
The NASDAQ OMX Group,Inc. is the world’s largestexchange company withtrading, technology andpublic company servicecapabilities that reachacross six continents.NASDAQ OMX globallycovers the widestgeography with its largenumber of company listingsand executes moretransactions than any otherexchange. Owningexchanges in North Americaand Europe, NASDAQ OMXserves as a trading venuefor multiple asset classesincluding equities,derivatives, debt,commodities, structuredproducts and ETFs, inaddition to supporting thedevelopment andoperations of more than 60exchanges in over 50countries around the world.Through offices in over 20countries, NASDAQ OMXdelivers services andforward-thinking technologywith the power to drivecapital formation, transformbusiness and fuel economicgrowth around the world.NASDAQ OMX in ArmeniaNASDAQ OMX’ holdings in Armenia comprise NASDAQ OMXArmenia (formerly Armenian Stock Exchange) and theCentral Depository of Armenia. The companies became apart of the world’s largest exchange operator in February2008, as a result of the merger between two industry leaders– U.S. Nasdaq and Nordic OMX. Before that, in November2007, through an agreement with the Government ofArmenia, OMX AB became the owner of 100% of the sharesof the Armenian Stock Exchange and the Central Depositoryof Armenia, both open joint stock companies.Armenian Stock Exchange ojsc was established by theSecurities Market Members Association in 2001, as a selfregulatoryorganization. Later, in October 2007 it wasdemutualized and transformed into an open joint stockcompany. On January 27, 2009, Armex was officiallyrenamed NASDAQ OMX Armenia. NASDAQ OMX Armeniacore activities include securities listing and admission toexchange trading; providing electronic platform for trading insecurities, interbank credits, currency and REPO agreements.The exchange also discloses information on public companiesand trading in all its markets. By promoting an efficient andtransparent securities market, the stock exchange strives, onthe one hand, to facilitate the access to capital for the mostcompetitive Armenian companies, and, on the other, toprovide domestic and foreign investors with the bestopportunities to invest in the Armenian economy.Since June 5, 2009, the Central Depository of Armenia (CDA)is a 100% owned subsidiary of NASDAQ OMX Armenia. Itprovides services of a centralized custodian, includingpersonal securities account maintenance and shareholdersregistry keeping. The CDA has a significant role to play inprotecting the lawful interests of security holders, includingminority shareholders. The CDA also performs clearing andsettlement on exchange and OTC trades in securities.NASDAQ OMX Armenia | Annual Review 2009 | 3
Page 4 and 5: Overview of Activities in 2009Year
Page 6 and 7: marketing, information, listing, an
Page 8 and 9: Future PlansThroughout 2010, NASDAQ
Page 10 and 11: decline over the same of 2008. The
Page 12 and 13: Listed Companies Rankings by Select
Page 14 and 15: Table 6. Equities Exchange Trading
Page 16 and 17: the year’s total), and was lowest
Page 18 and 19: Figure 11. Government Bonds Exchang
Page 20 and 21: As mentioned above, currency exchan
Page 22 and 23: By the end of the year, 1,527 compa
Page 24 and 25: NASDAQ OMX Armenia Members, A-Z (as

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