Tlar - To Be An Int'l Exchange, You Have To Have Your Own Int'l Currency !

[DinarThug]

CNN. Broadcasting While Tlar Researches An International Sexchange For Kaperoni !

 

 

 

Post From another site By Tlar:    To be an international exchange, you have to have your own international currency. 

TrixieDinar:         Director of Arbil Stock Exchange: We will participate Bmatmaren international stock exchange

05/11/2014    Basenyoz - Erbil

Said Director of Arbil Stock Exchange Abdullah Ahmed, said that 'Arbil Stock Exchange will participate in two conferences of the Stock Exchange in Dubai and Stockholm during the coming period', noting 'in the two conferences will participate exchanges internationally-known, such as Dow Jones and NASDAQ Americas in addition to the stock exchanges other world.'

added 'system will be introduced NASDAQ U.S. stock exchange Arbil, where will the system end of next month to Arbil Stock Exchange. '
~~~

 

  The Nasdaq was founded in 1971 and headquartered in New York, the largest stock exchange operates on the basis of one screen linked to 3200 company.

, and preparations are under way for some time to run Exchange Arbil, using the expertise of local and foreign.     Other news    http://m.basnews.com/ar/News/Details/mod/20060

HandOverFist:    Are they saying NASDAQ will be on the Erbil Stock Exchange at the end of June?  If so, this is great!  They will need international currency for this...........correct?

BlueyesinLevis:                 We just have to hang tough.... dont let the Maliki propagnada articles get you down.... good things are coming..

Tlar:    HandOverFist,  In a word yes. To be an international exchange, you have to have your own international currency.  Tlar

Tlar:       The last time a relative time for going international was given by the Iraqi stock exchange going, was in 2010.  Shabibi had just passed the test the IMF had given him which was to hold the currency all through 2009 (12 consecutive months) steady at 1170 which the IMF had challenged him to prove he could do.  He passed the IMF test. ‘

 In January 2010 he announced to the world he would delete the zeros from the nominal rate and redenominate the currency by the end of the year.

 The ISX announced a few days later that they would be an international exchange by October 1st of the same year.  They obviously thought that the currency would be international by then because they can't go international without a tradable currency..

 We know that Shabibi did not delete the zeros in 2010 and that's the last the ISX has said anything about being international until this article to the best of my recollection. 

This article does seems to imply that or or around the middle of the year they will be an international exchange.  tlar

Flyboy:                It seem to me, Tlar that a tremendous coordination of efforts between the world wide banking systems, stock markets and the other central banks, must be apart of this launch in order for it to successful.

So, it stands to reason that some kind of heads-up between these groups and their potential clients must take place. I feel certain, although well planned, this is less that top secret among this group…and for that matter much of the rest of the world.

 Iraq has themselves a BIG STICK and they know it… And, if the right guy get in the drivers seat…this bus is going to take us all for one hell-of-a-ride. As always, thanks for your good work….good to have you here.

Trixie Dinar:        Nasdaq invites ESX to two international conferences

12.05.2014    Shwan Barzinji   BasNews, Erbil

 American Nasdaq Stock Market has invited the Erbil Stock Exchange (ESX) to two international conferences.

Abdullah Ahmad, the head of ESX told BasNews that the Kurdish stock exchange will participate alongside some of the biggest stock markets in two international conferences, in Dubai and Stockholm.

Nasdaq and ESX have signed an agreement to power the ESX with NASDAQ OMX X-stream trading technology to increase market participant involvement, both in the region and internationally.

X-stream will provide ESX with a solution to trade equities and debt instruments, and position ESX to move into other asset classes as its market expands.

Ahmad also explained that ESX will work with the Nasdaq system, and will launch its work at the end of next month.

http://m.basnews.com/en/News/Details/Nasdaq-invites-ESX-to-two-international-conferences/20112

[siberian_shaddow]

Much appreciated Thugs, so what's your thoughts on this Thugs.

[yusofsabri]

 In January 2010 he announced to the world he would delete the zeros from the nominal rate and redenominate the currency by the end of the year.

 

Anyone here could provide link for the article that Tlar has referred to?

[Markinsa]

I LIKE IT!

 

-

[DinarThug]

Anyone here could provide link for the article that Tlar has referred to?

 

It's At The Bottom Of The Original Post - But Here's Also A Link Below To It In The DV News Section !

 

 

 

NASDAQ INVITES ESX TO TWO INTERNATIONAL CONFERENCES

 

12.05.2014

Read more: http://dinarvets.com/forums/index.php?/topic/177819-nasdaq-invites-esx-to-two-international-conferences/#ixzz31es6cplB

 

                 

[calkid11]

Thank you

[DinarThug]

Much appreciated Thugs, so what's your thoughts on this Thugs.

I Think That Kaperoni Better Hope For A Lot More Than Just A Float

If He Wants To Spring For A Really 'Butch' Version Of His DV ATM Avatar 'Katie45'!

[AmericaInc]

this could also mean they might RD

 

just saying

 

hope i am wrong

[sandfly]

THANKS

[Goodlife]

this could also mean they might RD

 

just saying

 

hope i am wrong

There is no gain for them in doing this and these actions are usually reserved for hyper inflation currencies. 

I have no doubt that something very cool is going to happen to the IQD but there may also be a dark downside when that happens. I believe it will be a bitter sweet moment. 

Something akin to a crash. Heading into trouble waters internationally  I suspect. 

[WheresmyRV?]

Tlar is the real deal, thanks dinarthug.

[AmericaInc]

The only reason I mentioned an RD is because Tlar ignored the possibility that they could go international with an RD and Shabs wanted to back in 2010. That's the only reason - keeping it real.

 

I can't believe someone negged me twice - even tho I say I hope it ain't so!

I'm not a lopster - just a realist.

I think they've waited too long and done too many things like reprinting the current currency, buying back dinar, etc to LOP  - I agree some kind of valuation will most likely happen.

 

But if they get a new ISO code we know the jig is up. So far they haven't so that's Good!

There is no gain for them in doing this and these actions are usually reserved for hyper inflation currencies. 

I have no doubt that something very cool is going to happen to the IQD but there may also be a dark downside when that happens. I believe it will be a bitter sweet moment. 

Something akin to a crash. Heading into trouble waters internationally  I suspect. 

Well you may be right - have to hope you can exchange dinars for something other than dollars easily if there is a crash, like gold silver and platinum.

Edited May 14, 2014 by AmericaInc

[rockfl9]

Tlar is twisting the announcement to mean more than it is.!  The ESX is buying a copy of the NASDAQ trading system. That's all!  there IS NO ABSOLUTE need for the dinar to have international status to do this.  The system will be set up to handle trades in dinar whatever the rate may be. 

[icfaith]

The ISX already bought the NASDAQ platform back in 2013.  There is an article out there, which I read on here that they will be functional on the NASDAQ platform by the 1st week of July 2014.  This article was just a couple of weeks ago.

[Jaygo]

The ISX already bought the NASDAQ platform back in 2013. There is an article out there, which I read on here that they will be functional on the NASDAQ platform by the 1st week of July 2014. This article was just a couple of weeks ago.

You are correct sir!

[yendor]

this could also mean they might RD

 

just saying

 

hope i am wrong

 

 

Is it possible for the IQD to get any lower?

[Dinarian64]

Ok so conclusion is a. They are just announcing their NASDAQ system is going live or b. that they are going on our NASDAQ? Confused...

[SnowGlobe7]

they purchased rights to use our platform...which is basically a computer program.

looking for article

[dontlop]

The upgrade to X-stream will provide ISX with a widely deployed high-end,

multi-asset trading platform that complies with international standards. The

migration to X-stream is a step in ISX's ambition to become a Middle Eastern

hub, able to host and facilitate other regional markets. NASDAQ OMX has

delivered trading technology to ISX since 2007.

The NASDAQ OMX Group, Inc.Press releaseThe Iraq Stock Exchange Upgrades to NASDAQ OMX's X-Stream TechnologyNEW YORK and BAGHDAD, Iraq, 2013-06-28 13:00 CEST (GLOBE NEWSWIRE) -- The

NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with the Iraq Stock

Exchange (ISX) to upgrade its current trading platform. Under the terms of the

agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one

powered by the renowned X-stream technology. The upgrade is expected to be

rolled out by mid-year 2014.

"We are committed to becoming one of the most innovative and groundbreaking

exchanges, in the Middle East and across the world," said Taha A. Abdulsalam,

CEO, Iraq Stock Exchange. "Upgrading our trading technology and continuing our

partnership with NASDAQ OMX is a clear indication to investors, regulators and

other exchanges that Iraq will continue to become a financial center for more

regional and global businesses."

The upgrade to X-stream will provide ISX with a widely deployed high-end,

multi-asset trading platform that complies with international standards. The

migration to X-stream is a step in ISX's ambition to become a Middle Eastern

hub, able to host and facilitate other regional markets. NASDAQ OMX has

delivered trading technology to ISX since 2007.

"We congratulate the Iraq Stock Exchange on their commitment to a trading

platform that is certain to put them at the technology forefront of exchanges

in the Middle East," Lars Ottersgard, Senior Vice President, Market Technology,

NASDAQ OMX. "The upgrade to X-stream technology will equip ISX with a

sophisticated and robust trading platform that increases investor involvement

both in the Middle East and internationally."

In less than a decade, traded shares in ISX increased almost 10-fold, to more

than 1.2 billion traded shares expected in 2013, while market capitalization

increased more than seven times over the same period to over $12,170 billion

USD in the first six months of 2013 alone.

"We are extremely proud to support ISX's positive development and their vision

to provide a well-recognized marketplace in the region," said Michèle Carlsson,

Head of Business Development, Middle East and Africa, NASDAQ OMX. "ISX recently

implemented one of the most successful IPOs in the Middle East and by upgrading

to our X-stream technology, ISX will be running a resilient market place that

will attract both Iraqi and international investors."

NASDAQ OMX's X-stream technology is currently used by over 25 exchanges

globally.

About NASDAQ OMX:

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, 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-40 microsecond 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 3,400 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)

About Iraq Stock Exchange

Iraq stock exchange (ISX) was established according to law 74 on April 18, 2004

and began trading on June 24, 2004, ISX held its 1st session on June 24th 2004

using manual trading, written auction on white boards, orders get executed in

the specified units either partially or in full, priorities are given to

highest price in the buy orders and the lowest prices in the sell orders, since

24th Jun 2004 till 19th April 2009.

To enable companies to trade electronically, Electronic trading was introduced

to the market for the first time in the history of Iraq by using NASDAQ OMX

platform in April 2009, The White boards have been replaced by Electronic

trading workstations. ISX operates 5 trading sessions on Sunday, to Thursday

every week.

According to the regulation rules, ISX tasks include: Regulating, controlling,

disclosing, and launching continuous trading on listed company's shares, in

addition to controlling both trading operations and activities of Brokerage

Companies financial solvency.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made

under the Safe Harbor provisions of the Private Securities Litigation Reform

Act of 1995. These statements include, but are not limited to, statements about

X-stream and NASDAQ OMX's other products and offerings. We caution that these

statements are not guarantees of future performance. Actual results may differ

materially from those expressed or implied in the forward-looking statements.

Forward-looking statements involve a number of risks, uncertainties or other

factors beyond NASDAQ OMX's control. These factors include, but are not limited

to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic

reports filed with the U.S. Securities and Exchange Commission. We undertake no

obligation to release any revisions to any forward-looking statements.

NDAQG

CONTACT: NASDAQ OMX Media Contact:

Ryan Wells

(212) 231-5541 (office)

(646) 581-4286 (mobile)

Ryan.Wells@NASDAQOMX.com

Iraq Stock Exchange Media Contact:

Jimmy Afham Toma

+ 964 7703 995 610 (office)

info-isx@isx-iq.net

Call them up and ask them

This paragraph is from a different link securities exchange commission

http://www.sec.gov/investor/pubs/ininvest.htm

It says you pay in your currency of your local market

Changes in currency exchange rates. When the exchange rate between the foreign currency of an international investment and the U.S. dollar changes, it can increase or reduce your investment return. How does this work? Foreign companies trade and pay dividends in the currency of their local market. When you receive dividends or sell your international investment, you will need to convert the cash you receive into U.S. dollars. During a period when the foreign currency is strong compared to the U.S. dollar, this strength increases your investment return because your foreign earnings translate into more dollars. If the foreign currency weakens compared to the U.S. dollar, this weakness reduces your investment return because your earnings translate into fewer dollars. In addition to exchange rates, you should be aware that some countries may impose foreign currency controls that restrict or delay you from moving currency out of a country.

[dontlop]

NASDAQ OMX. "The upgrade to X-stream technology will equip ISX with a

sophisticated and robust trading platform that increases investor involvement

both in the Middle East and internationally

Excerpt from above

[moneysoon]

The question remains, do they make the adjustment now or later? I am still wondering about the setup as I have not heard any US announcement about the new launch next month. What major exchanges have said anything about listing the ISX or ESX?

Edited June 3, 2014 by moneysoon

[dontlop]

The NASDAQ OMX Group, Inc. is an American multinational financial services corporation that owns and operates the NASDAQ stock market and eight European stock exchanges in the Nordic and Baltic regions and Armenia under the NASDAQ OMX banner. It is headquartered in New York City, and its president and chief executive officer is Robert Greifeld.