NASDAQ OMX ARMENIA announces best exchange members of 2010
On March 1, 2011, NASDAQ OMX Armenia, part of the NASDAQ OMX Group, Inc. at a special ceremony announced winners of the Best Member Awards 2010, held for the first time ever in Armenia.
Best Member Awards by NASDAQ OMX Armenia was introduced in 2011 to encourage those investment services provider companies and exchange members actively involved in trading on various Exchange markets, participating in activities dedicated to developing and improving Armenian capital markets, as well as keeping the code of professional ethics.
Award is granted once a year among the Exchange member companies based on the results of each year as of December 31.
According to the results of 2010 the Award was granted for the following nominations:
• Best Exchange Member in Corporate Securities Market;
• Best Exchange Member in Government Bonds Market;
• Best Exchange Member in Credit Resources Market;
• Best Exchange Member in Foreign Currency Market.
Capital Asset Management cjsc was awarded for the Best Exchange Member in Corporate Securities Market, while Armenbrok ojsc and Converse Bank cjsc were mentioned among best performers in corporate securities market and were nominated for the title of Best Exchange Member in this market.
Armswissbank cjsc won the title of the Best Exchange Member in Government Bonds Market, with other two best performers of this market – Ameriabank cjsc and VTB Bank (Armenia) cjsc – nominated for the Award.
VTB Bank (Armenia) cjsc was recognized as the Best Exchange Member in Foreign Currency Market, competing with best nominees - HSBC Bank Armenia cjsc and Ardshininvestbank cjsc - for this Award. Noteworthy that VTB Bank (Armenia) cjsc was also nominated for Best Exchange Member in Government Bonds Market Award.
Ardshininvestbank cjsc won the title of Best Exchange Member in Credit Resources Market, being meanwhile nominated for the “Best Exchange Member in Foreign Currency Market” Award. The other best nominees for “Best Exchange Member in Credit Resources Market” Award were Armbusinessbank cjsc and Armeconombank ojsc.