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Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company
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[rtl]Baghdad / NINA / The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.
A statement by the Iraqi Stock Exchange stated that "in a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted more than six months."
He added that "the agreement includes licensing, use and maintenance of the remote trading system for investors (OMS), broker management (Back Office), and portfolio management for investors, for a period of five years."
He continued that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."
For his part, the Executive Director of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out "the importance of this step, as the remote trading system is a vital addition to our ongoing efforts to develop the market infrastructure. The system's experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market."
He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to develop the financial sector in Iraq and achieve sustainable growth." / End9[/rtl]
A statement by the Iraqi Stock Exchange stated that "in a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted more than six months."
He added that "the agreement includes licensing, use and maintenance of the remote trading system for investors (OMS), broker management (Back Office), and portfolio management for investors, for a period of five years."
He continued that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."
For his part, the Executive Director of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out "the importance of this step, as the remote trading system is a vital addition to our ongoing efforts to develop the market infrastructure. The system's experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market."
He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to develop the financial sector in Iraq and achieve sustainable growth." / End9[/rtl]
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