Iraq stock exchange and Karmal brokerage signed an agreement with Manaf software company on Monday, November 14, 2016. To provide the software of the Internet trading to investors remotely.
The agreement included a license to use the electronic trading system via the Internet for five active brokerage firms in ISX they are: Hadhar, Rabee, Karmal, Al Rafedain, Elaf.
Implementation of the project plan includes the creation of the electronic system and the development of tasks and services that will allow the investor trading on the shareholding companies, bonds and any listed securities in the market through this system and via the Internet, like any investor. And organize all financial settlements and clearance accordance with procedures and instructions of the prevailing market.
It is hoped the project launched officially during the first quarter of 2017 after completion of the binding mechanisms with the Iraq Stock Exchange systems and build the required access sites.