ISX Updates?

[moneysoon]

Several of us have shared ISX updates due to information we may received from various sources. Recently, one of my sources has become tight lipped all of a sudden. Anyone else experiencing the same??? TrinityX, rightsonword, Haymon????

[haymon]

Have not seem much. Did see the practice of both exchanges trying to make a go at it.

[moneysoon]

This was one of my questions, but I did not get a response about the latest progress.

[Frank61]

I would like to see my ISX portfolio from warka, I can tell you that much.

[aitshioud]

Be lucky to even get a reply.. Sure wish they would get payed out from the CBI so they can start running the sub par customer service again. I have a feeling the money in there is going to miss the jump on the isx stock:( good thing I had a plan b.

If u do have isx shares with warka u could transfer them over to another broker.

[TrinityeXchange]

the only information i typically post is what i get from doing my own trending analysis work or read about in the news.  so from my vantage point, there is no new news really.  me and my buddies are waiting for august to hit.

[moneysoon]

the only information i typically post is what i get from doing my own trending analysis work or read about in the news.  so from my vantage point, there is no new news really.  me and my buddies are waiting for august to hit.

I hear you TrinityX. It is encouraging to know that they are progressing towards their Q3 goals. Since my belief is that the ISX and ESX are fiscal indicators of the larger economic plans and health of the country, I like to spot check every now and then. On the same note, I watched a documentary on the UAE this morning. Iraq is trying to pull off a move like the UAE. This is why the stock market is the place to be for those who have researched the potential of this venture. As it relates to posting, I have no smoking guns per se, just like-minded individuals that research the progress of this sector. By the way, I am looking for firsthand information from someone who has attended one of the Basra or ISX conferences. I have been pondering attending one of the next conferences especially the initial one hosted by the ESX.

Blessings Brother.

[ReinMan]

When is the ISX supposed to pop again?!

 

July 1 has come and gone.

[moneysoon]

Q3 is my best guess,  that means we have up to around 89 days or to see what pans out. Q3 is my window to expect changes in this area. Lets see what happens with the seating of the government first...

[sandfly]

THANKS

[starlight]

year-old news, but applies to now...

 

Iraqi market for securities uses Bnazdak to make it a financial center on the regional and global level

06/29/2013 16:07

The Foundation signed a NASDAQ Global Market, on Saturday, an agreement with the Iraqi market for securities to develop the system work in business dealings, and showed institution that the agreement includes replacement of the stock market Iraqi its system current ones will make it a platform for stock trading fast and sophisticated at the global level, as confirmed by local officials that partnership with the NASDAQ will make Iraq a financial center for all commercial activities of regional and global markets.

He said the first deputy chairman technology stock market in an institution NASDAQ Lars Ottarsgard in an interview for news economic and briefed him (range Press), "The Corporation NASDAQ NASDAQ Global Stock Exchange and headquartered in New York and signed with the Iraqi market for securities ISX agreement to develop the system work the Iraqi market, the current business dealings and congratulate the Iraqi stock market on their pledge to develop their commercial system to occupy their place at the forefront of the market based on modern technology in the Middle East.

He Oter Sgaard that "according to the terms of the agreement Vstqom stock market Iraqi replace its system of current ones backed technology company X-Stream X-Stream Technology of the NASDAQ, as will be the introduction of developments technological modern stock market in mid-2014," noting that “the updates that Stdkhalha technology X Stream on the Iraqi stock market system will make it a platform for business transactions fast and sophisticated, which will increase to attract investors in the Middle East and the global level ."


For his part, said Michelle Carlson, head of business development for the Middle East and North Africa in the NASDAQ “We are very proud بتقديمنا Technology X-Stream modern to support the development of the stock market of Iraq to become a market recognized brand in the region and be the station to attract investors to local and international alike."

In turn, the director of the Iraqi market for securities Taha Abdul Salam said that "the market’s administration is committed to making it one of the most bourses Tjaddeda and active in the Middle East and across the world," noting that "the modernization and development of the system our commercial technological with the survival of our continuing partnership with the NASDAQ is a clear indication for investors The stock market dealers that Iraq will continue to be the financial center of all activities of regional and global trade."

He said Abdul Salam that "the process of modernization and according to the technology company X-Stream X-Stream will provide the Iraqi market for securities most modern techniques of technology stock trading in accordance with the international standards and the adoption of this technology is a step in an ambitious market Iraqi Stock Exchange to become a point of attraction in the Middle East capable of hosting and facilitate other regional Alasouk activities."

During a period of less than ten years the proportion of stock trading business in the Iraqi Stock Exchange tenfold expectations of sales of shares to more than $ 1.2 billion during the year 2013 while the increased market capitalization seven-fold during the same period to reach more than 12.170 billion dollars in the first six months in 2013 only.

The technology NASDAQ X-Stream currently used in more than 25 exchange in the world market.

And the market for securities Iraq three branches in Baghdad and Erbil, Najaf and the latter opened in the seventh month of January 2013.

It is noteworthy that the Iraqi market for securities, which was established in June 2004, which was founded and was following a manual trading prior to the adoption of electronic trading in part on 19 April 2009, and then fully in the year 2010, and traded in the market dozens of companies specializing in sectors including banking, industry , hotels, tourism, agriculture, and the number of sessions the market in the year 2010.236 session, during which trading of more than 256 billion shares worth more than $ 339 million through the implementation of 71 thousand a decade, and in 2009 the number of sessions the market 152 a session, it was a circulation of about 211 billion shares valued at 307 million dollars through the implementation of the 49 thousand contract.

 

 

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.almadapress.com/&prev=/search%3Fq%3Dalmada%2Bpress%26client%3Dfirefox-a%26hs%3DeCk%26rls%3Dorg.mozilla:en-US:official%26channel%3Dfflb%26biw%3D1492%26bih%3D940

Edited July 7, 2014 by starlight

[haymon]

Someday we'll trade on line..... sweet.

[moneysoon]

Haymon,

 

I believe it's ready to go now. I am just thinking they are either going to simply put out instructions through the local Brokerages or we will see some new laws hit the parliament once the new Government is seated. Maybe they will just open it up to work out any bugs first. Then, once the custodian banks are approved, they will do an all out PR blitz. The waiting game is on, but hopefully you are making some good trades in the interim.

[dontlop]

I saw tbomb posting articles about the electronic signiture laws from the gazette yesterday

They do need this in effect for trading stocks if they are to become the hub they expect to be for that part of the world

Maybe they are closing in on this opening soon

[moneysoon]

I wonder what they will roll out with next week. Once the third President is seated I bet we will see the laws and custodian banks follow.

[wshflthnkn]

Looks like stocks are finally rising again instead of plummeting.

[TrinityeXchange]

yep!  investor confidence is returning with the hopes of a stable government.  hopefully many of us were able to take advantage of the big sell off.  i went big on North Bank (BNOR) buying it at 1.20.  i have been wearing a smile all day after a 10% jump at the previous closing bell.  

[moneysoon]

yep!  investor confidence is returning with the hopes of a stable government.  hopefully many of us were able to take advantage of the big sell off.  i went big on North Bank (BNOR) buying it at 1.20.  i have been wearing a smile all day after a 10% jump at the previous closing bell.  

 

Hello Brother,

 

I Thank God for you. It is good to have someone to walk with on this Journey! I went long on BBOB for several reasons. I am receiving the AGM 2013 stockholder benefit and dollar cost averaged and picked it back up in the 1.20's. I was speaking with a friend of mine yesterday about my unemployment. What I realized is that it very well may be the case that I can trade the ISX full time to keep bread on the table especially when they roll-out their new technology. I am still hopeful that things will happen before the end of Q3 as it relates to the roll-out.

 

I have a Praise Report! I met a gentleman at at the Juneteenth festival of the Urban League where I serve as Chairman of the Board. Our conversation led eventually to you economic empowerment and I stated I was invested in the M.E. He smiled and replied, "what do you know about Iraq?" I smiled and said, "nothing much, what about you?" We laughed so hard together, it was not even funny. People would think we were best friends that were just reunited yet, he was someone I had just met. We vetted each other some more and then I realized that I had just been blessed. If you remember, I have been trying to learn another side of this opportunity, the FOREX. This Brother stated he was an active FOREX Trader and is willing to teach me! I did not her from him a while. last Sunday he called be around 9am and asked me what time  did Church start. He came to Church that day. After Church ended, we stayed behind and spent 4 1/2 hours fellow-shipping and discussing a plan of action. I know we are headed in the right direction and God has me in this thing for a reason!

 

Blessings,

[TrinityeXchange]

what an awesome testimony!!  what i love about the faithful is how they take the limits off of God.  they interpret perceived set backs as God getting ready to open a new level of blessing.  the faithful believe all things work together for good to them that love the Lord and are called according to His purpose.  

 

my brother thank you for sharing.  this was truly encouraging.  i can see God moving in new dimensions for His people and especially those who reside in great expectation for Him to do wonderful and amazing things.  just as my Bishop has been preaching to the Church, "Expectation - Wealth Beyond Your Means", i am witnessing the beginning of this prophesy.  i just got off the phone with another brother who just received a tremendous blessing out of nowhere.  and this is what God is doing for His saints, if you have the expectation.  He is popping off blessings left and right!

 

whew!  i am stoked right now.  awoke this morning and felt led to go on a fast today.  and now i see why.  i am so full of the Spirit receiving these testimonies that they are increasing my faith and expectation.  Bless His Name!

[moneysoon]

Hey Guys,

 

More dividends are listed as being ready to be requested. The Market is moving! I hope everybody is racking up.

Edited August 21, 2014 by moneysoon

[TrinityeXchange]

thanks for the update my friend.  

[ReinMan]

So the market is moving, that's good.

What about the rumor some months ago that the dinar had to be tradable for the ISX to go public?

As we know that hasn't happened.

 

As an example, the Vietnamese market conjoined with the SE Asian market but the rate hasn't changed....

However the dong is tradable, so no new revelation there.

 

I've been thinking that the ISX value should reach a certain value point before the dinar can be proclaimed backable with a reasonable rate ($3.40+).

Thoughts on this?

[TrinityeXchange]

I've been thinking that the ISX value should reach a certain value point before the dinar can be proclaimed backable with a reasonable rate ($3.40+).

Thoughts on this?

i don't think the isx's value and the rate of the dinar are relational.  they are driven by entirely different factors.  stock prices on the bourse has a lot to do with investor sentiment.  a bomb goes off on a subway in london, or a new prime minister gets installed in a middle eastern country, it results in a bear market eruption in the united states.  in other words stock markets are very temperamental and often time their boom and bust are more related to events and emotion than hard core factual numbers.  

 

currency value on the other hand is different.  it has more to do with monetary policy and stability confidence.  at one point banks in the united states was trading dinar even at 1/10 of a penny, remember.  then they stopped trading it because confidence in the political landscape of iraq waned tremendously.  

 

i believe the revaluation of the dinar must be preceded by certain stabilizing technologies.  we must have an oil law, what i call "the money law".  we must have a government.  the country has not had any of these since the ousting of hussein.  without these, we are dealing with a situation easily dominated by thugs.  and thug rule = zero confidence from the global economy.