Securities launches instructions via the Internet trading system for investors
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  1. #1

    Securities launches instructions via the Internet trading system for investors



    Securities launches instructions via the Internet trading system for investors



    Views 0 Date 21/09/2016 - 13:24

    Economy News / Baghdad, Iraq Stock Exchange revealed the launch of the trading system instructions via the Internet revealing provide five brokerage companies to operate it, stressing about his forthcoming retirement with Arab companies to support the system.

    The executive director of the market, Taha Ahmed Abdul Salam, in a press statement I followed the "Economy News", the Iraq Stock Exchange issued a trading instructions via the Internet to investors after obtaining the required official approval according to law, "which includes the procedures and mechanisms and systems required by the Iraq Stock Exchange and companies mediation take in order to obtain a license to provide this service to investors. "

    He stressed Taha "The system will be launched in the first quarter of 2017," noting that the market identified instructed disclosures required of brokerage firms, which include "measures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as all the requirements are carried out by investors to agree to their trading via the Internet.

    Abdul Salam revealed that the five brokerage firms submitted a request to the market to participate in the trading system via the Internet for investors and is "urban company, Rafidain, spring company, Carmel Inc., Elaf company."

    He noted Abdul Salam that the Iraq Stock Exchange takes several months to organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services.

    Abdul Salam confirmed that it is for the success and continuity of this project, "the market in the process of contracting with one of the Arab corporate systems and programming to use the regulations issued by which deals different and distinctive services, including "building sites to enable brokerage firms trading process via the Internet, and be compatible and connected with a data management system in the brokerage firm, as well as the system to be compatible with the trading system at the Iraq Stock Exchange.

    Abdul Salam He said that companies such as possible to provide a system that responds to all market instructions in circulation and deposit in addition to the financial statements, let alone enable the investor to trade himself after enable him to understand the cash tally prepared for the purchase and the tally of shares if he would like to sell.

    Abdel-Salam said he hoped the signing of the Convention in the month of October 2016. AJ


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  2. #2

    Re: Securities launches instructions via the Internet trading system for investors

    IMO a top 3 for news of the day

  3. #3

    Re: Securities launches instructions via the Internet trading system for investors

    We get closer every day. Thanks Jim

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