Nasdaq signs new agreement with the Iraqi Stock Exchange
Nasdaq Inc. (Nasdaq:NDAQ) and the Iraq Stock Exchange (ISX) have signed a new agreement to extend their market technology relationship.
As part of the agreement, Nasdaq will continue providing ISX with matching engine and central securities depository (CSD) technology. This new agreement marks the next chapter of a technology partnership between Nasdaq and ISX which originated in 2007.
Taha A. Abdulsalam, CEO, Iraq Stock Exchange, said:
“We are pleased to build on our successful partnership with Nasdaq. Using Nasdaq’s market technology is a clear indication to investors, regulators and other exchanges that Iraq will bolster its efforts into becoming an important financial center for regional and global businesses.”
Michèle Carlsson, Managing Director, Nasdaq in the Middle East and Africa, said:
“By upgrading to the latest Nasdaq technology, ISX will be joining a community of exchanges deploying high-end, multi-asset trading technology that complies with international standards. We look forward to supporting ISX as they continue evolving and innovating their marketplace.”
(Source: Nasdaq)
https://www.iraq-businessnews.com/2019/07/22/nasdaq-signs-new-agreement-with-iraq-stock-exchange/
What Is Nasdaq?
Nasdaq is a global electronic marketplace for buying and selling securities. Its name was originally an acronym for “National Association of Securities Dealers Automated Quotations”—Nasdaq started as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). Nasdaq was launched after the Securities and Exchange Commission (SEC) urged NASD to automate the market for securities not listed on an exchange. The result was the first electronic trading system. Nasdaq opened for business on Feb. 8, 1971.1
Key Takeaways
Nasdaq is an online global marketplace for buying and trading securities—the world’s first electronic exchange.
It operates 29 markets, one clearinghouse, and five central securities depositories in the United States and Europe.
Most of the world’s technology giants are listed on the Nasdaq.
https://www.investopedia.com/terms/n/nasdaq.asp
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