Exchange Trading Software Technical Requirements Required Technical Solutions

Exchange Trading Software Technical Requirements

Required Technical Solutions Auctions System for Government Bond Primary Auctions • To be implemented in 2019 • Go live in 2020 January Trading System • To be implemented in 2019 -2020 • Go live in 2020 -2021 stage by stage • Detailed technical requirements for the system are stated in the document. amx. am

Technical Requirements Market Structure Market Models/Trading Regimes • Regulated Exchange • Auctions • Private Market | Dark pool • Automatch • OTC • Order-Driven Mechanisms • Quote-Driven • T+N with and without deposition • RFQs • CCP • Negotiated trades • Trade reporting • Bulletin Board amx. am

Technical Requirements Auction Types Auction Mechanisms • English • Allocation • Dutch • Buyback • Reverse • Switch • Sealed Price Auction Models Auction Methods • Competitive • Open • Non-competitive • Hidden for Participants • Mixed • Hidden for Participants and Auctioneer amx. am

Technical Requirements Multi-asset classes Matching algorithms • Equities • Price-time • Fixed income • Pro-rata • Currency • Price-size • Credits • Market Maker • Derivatives Quotation conventions • ETFs • Price • Indices • Yield • Repo • FX Rate • Swap • Date • Commodities • Others; ability to deploy a new asset if required amx. am

Technical Requirements Order types and execution conditions • Day • Market • Good till date • Limit • Good till cancelled • Stop • Immediate or cancel • Stop limit • Fill and kill • Iceberg/hidden • Fill or kill • Pegged • Good till time • Pegged limit • At the close • Etc. • At the open Time in force • Etc. amx. am

Technical Requirements Admin’s Market Control and Supervision on different levels • Market Surveillance • Markets • Position management • Sessions • Limit Controls • Time zone • Margin Trading • Users DMA/SMA Support Risk Management • Securities • Account control • Trades • Desktop Application • Orders • Web Application • Market information/Newsfeed • Mobile • Asset Management amx. am

Technical Requirements Flexible Settlement methods • GTS, T+N, CCP, DVP, PVP, DCC, etc. Multicurrency trading & settlement functionality Historical database & reporting module Detailed system logging, complete audit trail and archiեեեեգeving Connectivity via Industry standard protocols • FIX, FAST, API, Binary protocol, etc. Configurable multifunctional interface amx. am

Phone: +374 69 555555 Email: trade@amx. am Disclaimer: The material in this presentation has been prepared by AMX team and is general background information about AMX’s activities and further initiatives. This information is given in summary form and does not purport to be complete. Information in this presentation should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs.