Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment

Author: ASJ, HH
Editor: BK, HH

20.4.2016 14:39

Long-Presse / Baghdad
Iraq Stock Exchange, announced on Wednesday his intention to work for after trading through the end of this year system in 2016, as he emphasized that it will contribute to "activate" trading and "attract" investment and "streamline" the work procedures.

Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), said that "the trading system can be remotely investors from trading in securities via the Internet from anywhere," expected "system accomplish the end of the second half of the current 2016 ".

He said Abdul Salam, that "the system will stimulate trading in the market and attract investment and simplifies operating procedures by allowing the introduction of stock purchase order or sold by the beneficiary directly under deals that purports to its conclusion," noting that "the system can be beneficial to cancel orders that do not want it, as well as access to reports and statistics they wish to get them to follow the evolution of stock trading activity. "

He said Abdel-Salam, "The use of remote system helps to follow the disclosure on a specific stock or stock corporations all," pointing out that "the update is the latest procedures that will be used by brokerage firms to enable investors to execute trades mechanisms themselves in accordance with the instructions and rules prevailing in the market Iraq Stock Exchange. "

Abdul Salam confirmed that "the Iraqi market will continue to hold workshops to introduce remote trading and increased expertise before choosing the appropriate system for investors."