Iraq Stock Exchange
About Company
Taha A. Abdulsalam
Chief Executive Officer
Address: Al-Karadha Al-Sharqiya / Al-Alwiya District/
Contact Person: Shahad Emad Alkhyat
-Joined FEAS in 2005-
The Federation of Euro-Asian Stock Exchanges
62 63
ISX Challenges during 2021
1. Suspended the non-disclosure, according to ISC instructions No. (8) Suspension of trading on companies for not complying with the requirements of financial (annual and quarterly) disclosure. Which they are (22) company.
2. Companies that have been damaged by the ISIS attack, and needs to be financing again. Which they are (4) companies.
3. Lack of instructions such as Lending, OTC, Short selling... Etc.
4. Electronic trading development, by using remotely trading system for investors.
5. Listing of new instruments like bonds.
6. on the other hand the outbreak of the COVID-19 epidemic among ISX staff.
Goals of 2021
1. Extend trading session timings and procedures based on the decision of the Securities Commission and the Board of Governors.
2. Implementation of requirements of the trading system development project to the according to the following:
- Configure servers with the technical specifications required by NASDAQ for the purpose of installing the version developed by
the X-stream system and installing the modern version of the databases.
- receiving the updated database system, installing and database updating process is ongoing on server 9 IBM Power..
3. Listing and trading of national bonds listing on the trading and depository systems, based on the approval of the Securities Commission and the Board of Governors to include government bonds in the trading and depository system.
Project of the year
Event of the year
- Upgrade the trading system with NASDAQ from the middle of 2021 and supposed to launch on 2022.
- Modifying instructions and decisions.
- The Iraqi-Egyptian Memorandum of Understanding.
- Onsite visitss and online workshops.