Yerevan, Armenia, 2013-08-02 15:34 CEST (GLOBE NEWSWIRE) -- Between July 29 and August 1, 2013, the Central Depository of Armenia (CDA), have cooperated with experts from Estonian “eCSD Expert” and Central Bank of Armenia (CBA) in training employees of account operators, who will service participants of II Pension Pillar when it is introduced in Armenia in January, 2014.
The participants of the training got a deeper understanding of the Armenian pension legislation and hands-on training working with the AMPIS (Armenian Mandatory Pension Information System) software, developed in cooperation with eCSDX, a subsidiary of NASDAQ OMX Tallinn. At the end of the training participants received certificates, giving them access and enabling them to work with AMPIS.
The CDA, together with the CBA, is currently working on training staff of the account operators, which will directly service pension system participants, while pension accounts of participants to II Pension Pillar are expected to be kept centralized with the CDA.
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The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
In January 2008, Nordic exchange operator OMX Group acquired 100% of the shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA became fully owned by the NASDAQ OMX Group, Inc. On January 26, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc.
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