Iraq Stock Exchange signs agreement with US stock exchange on trading technologyy
Source: Alsumaria News
The Iraqi market for Iraqi securities, Thursday, the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities.
"Nasdaq and the Iraqi Securities Exchange (ISX) have signed a new agreement to expand their technology relationships for the next five years starting in October 2019." NASDAQ said,
"NASDAQ will continue License, support and maintain ISX systems and upgrade the technology of trading and securities deposit (CSD) for the next five years".
"The use of NASDAQ technology is a positive signal for local and international investors and regulators that Iraq will step up its efforts to become an important financial center for securities trading," said Taha Ahmed Abdul Salam, chief executive of the market.
"With the next development and the use of the latest Nasdaq technology, ISX will join the stock market community in the Middle East in deploying high quality multi-asset trading technology that meets international standards," said Michel Carlson, Managing Director, NASDAQ Middle East. To support ISX while continuing to develop and innovate."