The launch of an electronic trading system in the stock market

2/11/2014 0:00

BAGHDAD thank Fatlawi

Executive Director of the Iraqi market for securities in Iraq said that the market for the first time in the Iraqi Stock Exchange Date launched a new electronic trading system X-stream being more electronic trading systems advanced in the world as well as being a high flexibility and performance of advanced and meet the growing needs of the market.

And the Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam, in an exclusive interview with “morning” that the Iraqi Stock Exchange from the first five stock exchanges in the Middle East that have been used this new system through the development of study design and implementation plan by the market experts in collaboration with the company “NASDAQ or or X, “as well as work on the development of the market Hardware – software with global companies,” NASDAQ OMX and IBM “and according to the tests, which ended with success, he said.

Abdel-Salam said that the market has to conduct technical tests on the beta versions of the system as well as its training and testing of a group of staff and coaches as intermediaries for the purpose of training and authorized intermediaries stressing make amendments to the filing system to comply with the “X-Stream” system

Abdel-Salam said that the market was operating in accordance with the electronic trading system of the Horizon very end of October 2014, pointing out that the user and the system in place by most Arab and European bourses returned him a success according to electronic trading rules.

He said the stock market managed according to this system of building a data center Data Center as the first information and the data center in Iraq, which became the basis for the deployment of circulating information and stock prices and increase stock turnover and attract Iraqi, Arab and international investments for trading on the Iraq Stock Exchange, he said.


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