The launch of an electronic trading system in the stock market
The launch of an electronic trading system in the stock market
2/11/2014 0:00
BAGHDAD thank Fatlawi Executive Director of the Iraqi market for securities in Iraq: that the market is said for the first time in the Iraqi Stock Exchange Date launched a new electronic trading system X-stream being more electronic trading systems advanced in the world as well as being a high flexibility and performance of advanced and meets the needs of the market growing. and between the Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam, in an exclusive interview with “morning” that the Iraqi Stock Exchange from the first five stock exchanges in the Middle East that have been used this new system through the development of study design and implementation plan by the market experts in collaboration with the company. ” NASDAQ OMX “as well as the market work on the development of Hardware – software with global companies,” NASDAQ OMX and IBM “, which ended in accordance with the tests a success, he said. He said Abdul Salam that the market has to conduct technical tests on the beta versions of the system as well as the its training and testing of a group of employees and brokers as trainers for the purpose of training intermediaries and authorized stressing make amendments to the filing system to comply with the “X-Stream” system , said Abdel-Salam said the market was operating in accordance with the electronic trading system Horizon until the end of October 2014, pointing out that the user and system in place by most Arab and European bourses returned him a success according to electronic trading rules. He said the stock market managed according to this system of building a data center Data Center as the first information and the data center in Iraq, which became the basis for the deployment of circulating information in stock prices and increasing stock turnover and attract Iraqi, Arab and international investments for trading on the Iraq Stock Exchange, he said.
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