Nasdaq and the Iraq Stock Exchange Signs New Market Technology Agreement

[yota691]

16 minutes ago, nannab said:

Good morning

GM nannab and all of DV...Have a Bless Day

[yota691]

Ten years for the launch of electronic trading and central deposit in the Iraqi market for securities

Economy | 01:34 - 18/04/2019

 

 

 

Baghdad - Mawazine News 
On 19 April 2019, Thursday, the tenth anniversary of the launch and use of electronic trading systems and central deposit in the Iraqi market for securities, which is the first time in the history of the financial market in Iraq. 
"The Iraqi Stock Exchange has contracted to purchase and use electronic trading systems and centralized deposit from NASDAQ OMX in 2007 and implemented during a record period the study and approval of the DS design study," said Taha Ahmed Abdul Salam, Executive Director of the market, in a statement received by Mawazine News. Of the two systems in accordance with the prevailing Iraqi laws and the choice of the mechanisms of circulation Customizations.
"The market has trained engineers and technicians on the System Functions system, authorized training from each brokerage company by experts from the Abu Dhabi and Dubai Stock Exchange, as well as the construction of trading stations, installation and testing of systems and tests in the experimental environment, "He said.
He explained that "During the work of electronic trading, the internal communication networks were built in the market and external for trading remotely for electronic trading stations and in official sites, including the Securities Commission. The instructions and rules of electronic trading were also issued in cooperation between the Board of Governors of the Iraqi Stock Exchange and the Board of Commissioners of the Securities Authority Discussions have continued for more than 5 months. Cooperation with the joint stock companies has also been done to prepare and audit the register of shareholders and transfer its registration to the Depository Center and the selection of five companies to launch trading on their shares according to electronic trading and central depository. The first electronic trading session on April 19, 2009 ".
"Today, 10 years after the launch of electronic trading and central depository, the Iraqi Stock Exchange uses the latest electronic systems according to the development mechanisms adopted in the Arab and international financial markets, through the organization of five trading sessions per week and the adoption of disclosure as a means of attracting investment and building trust Investors, stressing that it extends the plans of the Iraqi market for securities to achieve the principles of emerging financial markets according to the indicators of trading achieved and the development of the prevailing rules and regulations attractive to investment and achieve fair and transparent handling of securities The diversification of financial instruments in the Iraqi economy. "
"In order to develop the capital market in Iraq, the future plans should take into account the development of market regulations and rules, the launch of instructions to attract investment, diversify financial instruments in the economy and the financial market, open the investment prospects for savings and encourage the establishment of new joint stock companies, Represent the segments of the Iraqi economy and interest in the culture of investment securities and follow up the affairs of shareholders through the websites of data and information in the flags of listed companies. "

[NEPatriotsFan1]

I wonder if this ties into the article we saw recently of the ISX being advertised in Times Square regarding the Nasdaq... the 19th looks to be an important date, who knows!  I believe the Banks and ISX will be closed for the next 3-4 days.... would be cool 😎 

Edited April 18, 2019 by NEPatriotsFan1

[pokerplayer]

 

An economist for "The Covenant News": If the stock market will stop private banks to invest

28/04/2019 09:17 AM | Number of readings:

 

 

An economist for "The Covenant News": If the stock market will stop private banks to invest
Al-Ahed News - Baghdad

He stressed  the economic expert Jamal Shaker al - Rubaie, the need for the continuation of the Iraqi currency exchange, noting that "if  the stock market stopped , it will pay banks to invest in various activities."

He said in a statement to "The Covenant News", "the demands of some  deputies to stop the auction of currency, and said," The vision of the Central Bank is different from the demands of deputies. " 

He added  that "the stock exchange is one of the doors of financing the cash flows of the Central Bank of Iraq, and the  need of traders and importers of hard currency, which prompts them to rely on this stock exchange, noting  that" the most private banks, is still new and only work because of the stock market. "

He continued, "Some banks have many investment projects and are not fully dependent on the stock exchange."

http://alahadnews.net/index.php/permalink/154115.html

[navira]

Bump

[Floridian]

"He said in a statement to "The Covenant News", "the demands of some deputies to stop the auction of currency, and said," The vision of the Central Bank is different from the demands of deputies. "

 

Huh?  The CBI wants to continue the auctions?????

[yota691]

The stock market closed slightly lower Tuesday

 

Iraqi Stock Exchange «Economy News»

Market Economy News Baghdad: The stock market closed Tuesday at 464.61, after trading 124.9 million shares valued at 91.6 million dinars. The general index closed down 0.20%, as a result of the losses suffered by the shares of Crescent Industrial and Asiacell and Baghdad for soft drinks and the Hotel Baghdad. The Bank of Mosul ranked first in the most active companies with 40 million shares, followed by Bank of Baghdad with 39 million shares followed by Gulf Commercial Bank with 11.35 million shares. The stock exchange decided to suspend trading on Wednesday due to the official Labor Day holiday in the country. Views 20   Date Added 30/04/2019

[yota691]

In figures .. Learn about the indices of trading the Iraqi market for securities on Thursday

Economy | 02:12 - 30/05/2019

 

 

 

Baghdad - Mawazine News 
Learn about the indicators of trading the Iraqi market for securities on Thursday. 
The number of shares traded (2,345,557,890) shares. 
The value of shares amounted to (1.088.268.667) dinars.  
The ISX 60 index closed at (494.05) points, up by (0.88) from the close of the previous session (489.74) points. 
Trading shares (32) companies out of (103) listed companies in the market. 
The number of companies suspended by a decision of the Securities Commission for failing to comply with financial disclosure instructions (21) companies. 
The number of shares purchased by non-Iraqi investors reached (37.488) million shares valued at (29.905) million dinars through the implementation of (21) on the shares of (5) companies.
The number of shares sold by non-Iraqi investors reached 129.631 million shares valued at JD (53,407) million through the execution of (28) transactions on the shares of (6) companies.

[Butifldrm]

Iraq suspends 21 companies from working in the stock market

 

Economy

 2019/06/11 05:20:24

 

The Securities Commission in Iraq on Tuesday suspended 21 companies for work because of non-compliance with the instructions issued.

The indicators of circulation of the Iraqi market for securities on Tuesday as follows:

The number of shares traded (3,357,598,185) shares.

The value of shares (921,507,141) dinars.  

The ISX 60 index closed at (493.46) points, down by 0.67 points from the previous session's close of (496.81) points.

4 traded shares (27) companies out of (103) listed companies in the market.

5 - The number of companies suspended by a decision of the Securities Commission for failure to comply with financial disclosure instructions (21) companies.

6. The number of shares purchased from non-Iraqi investors reached 51 million shares valued at (18.980) million dinars through the implementation of (8) transactions on the shares of two companies.

7 The number of shares sold by non-Iraqi investors (880) thousand shares worth (6,961) million dinars through the implementation of (11) deal on the shares of one company.

https://www.shafaaq.com/ar/اقتصـاد/العراق-يوقف-21-شركة-عن-العمل-في-سوق-الاوراق-المالية/

[6ly410]

 

Iraq suspends 21 companies from working in the stock market

2019/06/11 04:20:24

 

https://www.shafaaq.com/ar/اقتصـاد/العراق-يوقف-21-شركة-عن-العمل-في-سوق-الاوراق-المالية/

 

The Securities Commission in Iraq on Tuesday suspended 21 companies for work because of non-compliance with the instructions issued.

The indicators of circulation of the Iraqi market for securities on Tuesday as follows:

1. The number of shares traded (3,357,598,185) shares.
2. The value of shares (921,507,141) dinars.
3. The ISX 60 index closed at (493.46) points, down by 0.67 points from the previous session's close of (496.81) points.

4 traded shares (27) companies out of (103) listed companies in the market.

5 - The number of companies suspended by a decision of the Securities Commission for failure to comply with financial disclosure instructions (21) companies.

6. The number of shares purchased from non-Iraqi investors reached 51 million shares valued at (18.980) million dinars through the implementation of (8) transactions on the shares of two companies.

7 The number of shares sold by non-Iraqi investors (880) thousand shares worth (6,961) million dinars through the implementation of (11) deal on the shares of one company.

Edited June 11, 2019 by 6ly410

[yota691]

Iraq Stock Exchange issues its semi-annual report

Wednesday, 03 July 2019 51

 

Baghdad / Al-Sabah 

 

The Iraqi Stock Exchange issued its semi-annual report and included indicators of the reality of trading during the last six months, which included the organization of 121 meetings, where the number of shares traded (237) billion shares during the first half of 2019, worth (152) billion dinars, the number of contracts amounted to (82,942) ) 

Contract. 

The Executive Director of the market, Taha Ahmed Abdul Salam, confirmed that the indicators of trading in securities achieved during the first half of 2019 show that the trading was restricted to the shares of (75) joint stock companies for the presence of (20) companies suspended from trading by a decision of the Securities Commission due to non disclosure of annual or quarterly "Pointing out that" the market submitted a proposal to the Securities Commission to regulate the circulation of shares of companies that delay in providing the annual disclosure through the classification and classification as a third market and according to proposed mechanisms limited to trading for only one hour and will be implemented when the approval of the Commission to the proposal, Trading p Guardian 

Future ". 

 

Exchange of experiences

 "The market during the first half signed a cooperation agreement with the Faculty of Business Economics at the University of Nahrain included 12 axes of forms and mechanisms of action in order to organize mechanisms of cooperation and exchange of experiences and development for students, researchers and employees, taking advantage of the mutual experiences between the two sides, ) Workshops organized by the Office of Experts in cooperation with the Securities Commission and a number of professors of Iraqi universities to discuss the Securities Law, and studies on the reality of private and mixed companies and indicators of public companies, and a study on the indicators of the Iraqi market for securities provided by Ed Market. " 

 

Trading System

He pointed out that "the Board of Governors discussed during the first half of 2019 study the development of electronic systems in the Iraqi market for securities and the study of the addition of new systems, the most important study to renew support and maintenance of the electronic trading system X-stream for the period 2020-2024 and discuss the proposals of mechanisms provided by brokerage companies, The Equator deposit system in conjunction with the electronic trading system in light of the updates made by the NASDAQ, the financial markets systems that use their systems in the Arab region and the world, as well as the completion of the infrastructure of the project to use the anti-money laundering system on the data system shareholders and The commencement of the training process for specialists in preparation for its launch in the second half of 2019, and the continuation of the agreement, licensing and support for hardware and equipment used by the Iraq Stock Exchange from IBM, Cisco, system data and information protection. " 

 

Development efforts

On the determinants of securities trading between Abdul Salam that "the institutions of the capital market in Iraq working to develop development mechanisms both according to his powers and expertise in order to support national development efforts, and from the point of view of the Iraqi market for securities, investment in securities and trading in them need a set of incentives Attracting capital and liquidity to increase the turnover of securities, as it limits a number of factors and prevents the development of indicators trading securities, the most important: weak investment in the establishment of new joint stock companies contribute to the increase of GDP and add to the components of the capital market, The Companies Law No. 21 of 1997 requires the development of its mechanisms in attracting capital directed towards the establishment of new joint stock companies IPO mechanisms.

 

Joint Stock Companies

It also stopped when trading by investors is limited to shares of joint stock companies because of the lack of new financial instruments in the Iraqi economy and the capital market. Financial instruments vary in most emerging Arab, Asian and European financial markets to include at least stocks, bonds, certificates of deposit and options. Accordingly, the concerned institutions must issue instructions and rules for issuing various securities. To stimulate and diversify sources of funding and liquidity required within the investment mechanisms of the private sector on the one hand and increase the capital formation on the other. It is appropriate to follow up the efforts of the Central Bank of Iraq to adopt a study issuing instructions to issue certificates of deposit as a new type of securities investment securities of the banking sector and circulation in the Iraqi market for securities.

 

The real value

He pointed out that "the market in the first half of 2019 renewed its call to the relevant authorities to study and measure the real value of the share price in light of the company's indicators and financial position published by the market in the directory of companies and disclose them on its website, and renewed his call to researchers and experts to do this measurement in accordance with standards And the Iraqi Central Bank initiated the study of the role of the banking sector in the indicators of the performance of the Iraqi market for securities with an analysis of these indicators on changes in stock prices. "The Iraqi market for securities exchange data and analysis with the bank for the purpose of extracting the results of this "And here we renew the call for attention to the subject of measuring the real value by all experts and institutions of the capital market in Iraq in order to discuss the shareholding companies and their departments in their plans and ways to address their problems that affect the earnings per share through the exercise of its basic activity. 

 

Shareholders' equity

Abdul Salam pointed out that "a number of private banks have been subject to the custody of the Central Bank of Iraq and some of them to be delisted from the listing in the market because of the decline in net shareholders' equity of 50 percent, as happened in previous years, at a time when a number of mixed industrial companies from the decline of net rights Shareholders and is subject to treatment under the prevailing corporate law and its amendments. And address the observations determined by the auditor in his annual report, so potential shareholders and investors need to rebuild trust in these companies through the implementation of shareholder relations sections plans to restore confidence in their products and achieve the surplus 

For distribution ".

"The adoption of international accounting standards in the disclosure of financial position - in banking and telecom companies - has had a positive role in disclosure. It is appropriate to adopt these standards to all Iraqi shareholding companies by the relevant institutions. " 

 

[yota691]

Signing a new market technology agreement with the Iraqi Stock Exchange

 

 

 2019/07/19 10:45:03

 

Twilight News / NASDAQ and the Iraqi Stock Exchange signed a new agreement to market technology.

Nasdaq will continue to provide the Iraqi market for securities trading system and technology central depository of securities, according to "Reuters".

[yota691]

Nasdaq and the Iraq Stock Exchange Signs New Market Technology Agreement

July 19, 2019 02:00 ET | Source: Nasdaq, Inc.

 

 

STOCKHOLM, Sweden and BAGHDAD, Iraq, July 19, 2019 (GLOBE NEWSWIRE) -- Nasdaq Inc. (Nasdaq: NDAQ) and the Iraq Stock Exchange (ISX) have signed a new agreement to extend their market technology relationship. As part of the agreement, Nasdaq will continue providing ISX with matching engine and central securities depository (CSD) technology. This new agreement marks the next chapter of a technology partnership between Nasdaq and ISX which originated in 2007.

“We are pleased to build on our successful partnership with Nasdaq,” said Taha A. Abdulsalam, CEO, Iraq Stock Exchange. “Using Nasdaq’s market technology is a clear indication to investors, regulators and other exchanges that Iraq will bolster its efforts into becoming an important financial center for regional and global businesses.”

”By upgrading to the latest Nasdaq technology, ISX will be joining a community of exchanges deploying high-end, multi-asset trading technology that complies with international standards,” said Michèle Carlsson, Managing Director, Nasdaq in the Middle East and Africa. “We look forward to supporting ISX as they continue evolving and innovating their marketplace.”

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

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 1^st session on June 24^th 2004 using manual trading, written auction on white boards. 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’s platform in April 2009. The White boards have since 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 companies’ shares, in addition to controlling both trading operations and activities of Brokerage Companies financial solvency.

[ChuckFinley]

Thanks Yota. 

[yota691]

Nasdaq & ISX signs market technology agreement

July 192019

   Michèle Carlsson

Nasdaq and the Iraq Stock Exchange(ISX) have signed an agreement for the extension of their market technology relationship, under which, Nasdaq will continue to provide ISX with a matching engine and Central Securities Depository (CSD) technology.

“We are pleased to build on our successful partnership with Nasdaq,” said Taha A. Abdulsalam, CEO, Iraq Stock Exchange. “Using Nasdaq’s market technology is a clear indication to investors, regulators and other exchanges that Iraq will bolster its efforts into becoming an important financial centre for regional and global businesses.”

Nasdaq’s market technology fuels market infrastructure organizations and others including broker-dealers, exchanges, clearinghouses, CSDs and regulators.

“By upgrading to the latest Nasdaq technology, ISX will be joining a community of exchanges deploying high-end, multi-asset trading technology that complies with international standards,” said Michèle Carlsson, Managing Director, Nasdaq in the Middle East and Africa. “We look forward to supporting ISX as they continue evolving and innovating their marketplace.”

Recently, Singapore Exchange (SGX) has gone live with a new multi-matching trading engine via Nasdaq’s Financial Framework for SGX’s securities market.

[ChuckFinley]

Man Yota, you are everywhere. 

[screwball]

Not new agreement, but an extension...

[screwball]

11 minutes ago, yota691 said:

Nasdaq and the Iraq Stock Exchange(ISX) have signed an agreement for the extension of their market technology relationship,

Not new....extension

[yota691]

BSE signs agreement with NASDAQ USA

 

Part of the signing of the Convention.

Market Economy News Baghdad NASDAQ and the Iraq Stock Exchange (BSE) have signed a new agreement to expand technology cooperation for the next five years, beginning in October 2019. NASDAQ continues to license and support the maintenance of systems and upgrades of trading technology and deposit securities for the next five years. "The use of NASDEC technology is a positive sign for local and international investors and regulators, and Iraq will strengthen its efforts to become an important financial center for securities trading," said Taha Ahmed Abdul Salam, executive director of the stock market. "With the next development and the use of the latest NASDAQ technology, the Iraq Stock Exchange will join the stock market community in the Middle East in deploying high quality multi-asset trading technology in line with international standards," said Michel Carlson, Managing Director, NASDAQ Middle East. , And we look forward to supporting the Iraqi stock market x as it continues to develop and innovate. " "NASDEC provides transparency and insight into the current global capital markets, as the world's first stock exchange, and operates more than 100 securities markets in 50 countries, and one in every 10 securities transactions in the world , NASDAQ is home to nearly 4,000 total listings with market value of about $ 15 trillion. " The functions of the Iraqi market for securities lead the task of regulation and control and launch continuous trading on the shares of listed companies, in addition to monitoring both the trading and solvency activities of brokerage companies and disclosure of joint stock companies. Views 38   Date Added 07/21/2019

[yota691]

Will be trading on the shares of the Iraqi Credit Bank in the meeting on Monday, 2019/7/22

 

 21 July 2019 09:22 p

CreditBROI0.00%0.390.00

For more details, please refer to the attached file

 The shares of the Iraqi Credit Bank will be traded on Monday, 2019-7-22 
 The shares of the Iraqi Credit Bank will be traded on Monday, 2019-7-22

[Floridian]

Nasdaq signs New Agreement with Iraq Stock Exchange

22nd July 2019 in Investment

Nasdaq Inc. (Nasdaq:NDAQ) and the Iraq Stock Exchange (ISX) have signed a new agreement to extend their market technology relationship.

As part of the agreement, Nasdaq will continue providing ISX with matching engine and central securities depository (CSD) technology. This new agreement marks the next chapter of a technology partnership between Nasdaq and ISX which originated in 2007.

Taha A. Abdulsalam, CEO, Iraq Stock Exchange, said:

“We are pleased to build on our successful partnership with Nasdaq. Using Nasdaq’s market technology is a clear indication to investors, regulators and other exchanges that Iraq will bolster its efforts into becoming an important financial center for regional and global businesses.“

Michèle Carlsson, Managing Director, Nasdaq in the Middle East and Africa, said:

“By upgrading to the latest Nasdaq technology, ISX will be joining a community of exchanges deploying high-end, multi-asset trading technology that complies with international standards. We look forward to supporting ISX as they continue evolving and innovating their marketplace.“

(Source: Nasdaq)

 

http://www.iraq-businessnews.com/2019/07/22/nasdaq-signs-new-agreement-with-iraq-stock-exchange/

[hete316]

[yota691]

Issued by the Iraqi Stock Exchange today listed companies directory for the year 2019

 

 24 July 2019 10:31 p

For more details, please refer to the attached file

 ISX Market Announcement