Bourse signs agreement sophisticated trading system

06/30/2013 12:00 AM

 Baghdad - شكران the Fatlawi



 Said Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam al-Rubaie said in an interview for the "morning" that the stock future to become one of the leading markets in the Middle East and in the world through the development of mechanisms and systems of work and attracting investment securities to investors Iraqis and non-Iraqis, noting that past experience in the applications of electronic systems has proved its strength and its activities, and has managed to achieve successes ongoing since 2009, he said.

 said Rubaie that the Iraqi market for securities and signed an agreement trading system X-stream with NASDAQ OMX in order to move to electronic trading system for information technology, pointing out that agreement was reached after studies and negotiations continued for several months ago after an analysis of the technical specifications through the study of the designs that were discussed by the Board of Governors and management of the market and the Securities Commission and brokerage firms and members of the Iraqi market for securities noting that the Transitional Programme X-stream will enable the exchange of proliferation and development capabilities of trading in line with international standards returned ambitious step for the Iraqi market for securities to become an important center of global financial centers.

Rubaie added that the bourse will develop the electronic system NASDAQ OMX in the Iraqi market (Horizon) with the latest system technology known as X-stream and the Transitional expected to be completed in mid-2014.

 For its part, stated Head of Business Development in the Middle East and Africa, Michelle Carlson We are very proud to follow the activities positive for the Iraqi market for securities.

pointed Rubaie to the participants in the celebration of the signing of the agreement both experts Company NASDAQ OMX and the Board of Governors of the Iraqi market for securities and directors of departments of the Securities Commission and the Association of Brokers Securities money in Iraq and responsible clearing in circulation and number of guests.


http://www.alsabaah.iq/ArticleShow.aspx?ID=49282

NASDAQ OMX is the world's largest exchange company




What Is NASDAQ?
What comes to mind when you hear the word "NASDAQ" or see it in print? Do you think of a global electronic marketplace for the buying and selling of stock? Do you think of a number, a market indicator, that tells you how well the stock market performed on a given day? Do you picture our market tower in Times Square, glowing bright and blue? Don't worry; there is no one answer. NASDAQ is all of these things and more.

NASDAQ began forty years ago at the National Association of Securities Dealers, or NASD. The NASD wanted to create a way for investors to buy and sell stocks on a computerized, transparent, and fast system. This would eliminate the burden and inefficiency of in-person stock transactions, which had been the prevalent model for nearly a century. The NASD believed that investors could make more money by closing the price gaps between buyers and sellers, and technology had evolved enough at that point to make it happen.

On February 8, 1971, the National Association of Securities Dealers Automated Quotation (NASDAQ) went live with median quotes for 2,500 over-the-counter securities. As we celebrate the 40th anniversary of electronic trading, we are proud that the revolutionary, disruptive model that the NASD developed in 1971 is now the standard for markets worldwide. In our early years, we gave growth companies the opportunity to raise capital that wasn’t previously available to them. Those companies (Intel, Microsoft, Apple, Cisco, Oracle, Dell, to name a few) used the capital raised on The NASDAQ Stock Market to make the cutting edge products that are now integral to our daily lives. These companies have also created millions of jobs around the world along the way.

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http://www.nasdaqomx.com/aboutus/whatisnasdaq/

NASDAQ OMX Holds Second Quarter 2013 Investor Conference Call
[b class="prtitle"]Press Release[/b]: The NASDAQ OMX Group, Inc. – Sat, Jun 29, 2013 6:00 AM NZST
Companies:

• The Nasdaq OMX Group, Inc.
  

RELATED QUOTES
[th]Symbol[/th][th]Price[/th][th]Change[/th]

NDAQ	33.37	+0.58

ADVISORY, June 28, 2013 (GLOBE NEWSWIRE) -- NASDAQ OMX (NDAQ) has scheduled its Second Quarter 2013 results announcement for Wednesday, July 24, 2013.

Who:	Robert Greifeld, Chief Executive Officer
	Lee Shavel, Chief Financial Officer
What:	Review NASDAQ OMX's Second Quarter 2013 Financial Results
When:	Wednesday, July 24, 2013

Results Call: 8:00 a.m. Eastern Time. Senior management will be available for questions from the investment community following prepared remarks via the following telephone numbers:

Telephone:	877.645.6210 (U.S.)
	914.495.8566 (International)

All participants can access the conference via Internet webcast through the NASDAQ Investor Relations website at http://ir.nasdaqomx.com/.
An audio replay of the conference will be available after the call on the NASDAQ Investor Relations website at http://ir.nasdaqomx.com/ or by dialing 855.859.2056 (U.S.) or 404.537.3406 (International); Passcode: 11664506
Note: The press release for the Second Quarter 2013 results will be posted on the NASDAQ OMX Investor Relations website at http://ir.nasdaqomx.com/ on Wednesday, July 24, 2013 at approximately 7:00 a.m. ET.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (https://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)



http://nz.finance.yahoo.com/news/nasdaq-omx-holds-second-quarter-180000884.html

11:25 01/07/2013
[ltr] Commerce Minister: Iraqi market in the coming months will see a movement in the buying and selling[/ltr]
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[ltr][b class="source"]Baghdad - and babysit[/b] - Expect Trade Minister Khairallah Hassan Babiker to see the Iraqi market mobility qualitatively in the buying and selling, especially after rid Iraq of the provisions of Chapter VII.
Babiker said in a press statement that "Iraq will be a free economy in economic dealings with many countries of the world after his release from the provisions of Chapter VII, which reflected negatively on the economy of Iraq over the past 23 years.
"The Iraqi market is expected to see during the next few months, mobility qualitatively in the dealings of buying and selling because of the size Iqbal international companies to invest in Iraq and the entry and exit of goods into international agreements with the Iraqi government and under the controls and mechanisms laid down by the government," ... p / i




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