Iraq signs deal with NASDAQ

NASDAQ and the Iraq Stock Exchange (ASE) have signed a new agreement to expand technology cooperation for the next five years, starting in October 2019, and continue to license and support the maintenance of systems and upgrade trading technology and deposit of securities for the next five years.

The executive director of the securities market Taha Ahmed Abdul Salam told vassal "Economy News", "the use of the Nasdaq technology is a positive signal to local and international regulators and investors, and that Iraq will strengthen its efforts to become an important financial center for trading securities."

Michelle Carlson, Managing Director of NASDAQ Middle East, said: “With the upcoming development and use of the latest NASDAQ technology, the ISX will join the Middle East Stock Exchange community in deploying high-quality multi-asset trading technology that meets international standards.” We also look forward to supporting the Iraq Stock Exchange x as it continues to develop and innovate. "

“NASDAQ provides transparency and insight to navigate the current global capital markets, as the creator of the world's first stock market. NASDAQ is home to nearly 4,000 total listings with a market value of about $ 15 trillion.

It is noteworthy that the functions of the Iraqi market for securities perform the task of organizing, controlling and launching continuous trading on the shares of listed companies, in addition to the control of the shareholders of the Company.

Article Credit: https://economy-news.net/
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