Posted April 28, 2009
STOCKHOLM – The Iraq Stock Exchange (ISX) announced the April 19 launch
of a new trading and clearing system based on Nasdaq OMX technology,
marking Baghdad's first electronic trading. The system was implemented
by contractor United Services and supported by
“We are pleased and honored to provide a trading platform to ISX that
will act to increase its visibility and credibility towards foreign
investors,” says Lars Ottersgard, Senior Vice President, Market
Technology, Nasdaq OMX. “An efficient trading and clearing system is
instrumental in creating investor awareness and thus attract liquidity,
and we are confident that this new platform will support continued
growth at ISX.”
Upon launch, five of ISX’s 91 listed companies were available for
electronic trading, while others will be added over the next several
months.
“We are enthusiastic about the potential for increased foreign investment on the ISX,” said a statement issued by Nawsheruan Baban, Chairman, and Taha Abdul Salam, Chief Executive Officer, of the ISX.