The Opening of the First Office of the World Stock Exchange in Baghdad
|February 6, 2014||Filled under Other News|
Iraq News Network announced in the capital, Baghdad announced the opening of its first office of the Stock Exchange world in Baghdad, the first of its kind in the history of Iraq, and among Msoalon in the office getting a leave of absence from the Iraqi government and its association with the London Stock Exchange world, experts called Financial Institutions Finance and ministries to put its shares in the Office of the global stock market development Iraqi economic and Director of the Office international exchange in Baghdad, Osama Mahmoud said that “the office was opened about a month ago in the Land of central Baghdad, and began working formally Currently, a first of its kind in Iraq, where The customer can have the trading of foreign currencies and metals such as gold, silver and energy sources such as oil and gas and global equities through Facebook and Algugl Yahoo and others.
Mahmoud said that “the Iraqi market for securities on shares of Iraq but in the international exchange are interested in global equities,” following the “office has programs trading Sophisticated be installed on mobiles and computers and these programs are free and can be downloaded through the website of the stock exchange in Baghdad, also possible to download the pilot program, which provides an amount of default up to 5 million dollars to enable the rolling of practice on the movements of the markets without causing damage.
Said Mahmoud to “The global stock licensed by the Iraqi government and linked to the Stock Exchange of London Global intimately fully and promptly,” pointing out that “the office has a so-called leveraged by (1:400), which means that the client of one dollar only can trading at $ 400, so enhances its investments during trading.”
And between Mahmoud said that “trading volume in the office arrived until today to about 500 000 U.S. dollars, and this is a good indicator possible that we consider to be the beginning of the trading World,” attributing the cause of lack of turnout to “the loss of a culture exchange in exchanges among the citizens, because citizens Iraqi Pat knows what the meaning of the stock market and how to inconsistencies in it.
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