About us

 

The ISX was established according to Order #74 on April 18, 2004 and began trading on June 24, 2004.
Objectives
1.The ISX’s headquarters are in Baghdad and has the right to open branches in other Iraqi cities.

2.The ISX has its own set of operating rules independent from rules of the member brokers and recently completed a draft of new By-laws.

3.The ISX is a completely separate entity from the Baghdad Stock Exchange and is not responsible for any outstanding liabilities or obligations incurred by that organization, which no longer exists.

4.The ISX is committed to developing a transparent, open, and competitive trading environment.

5.The ISX is financially and administratively independent from the Iraqi government including the Ministry of Finance. It is organized as a non-profit entity that is owned by its members, the Brokers. It is regulated by the Iraq Securities Commission and follows the operational procedures outlined in its By-laws that are fully compliant with the Iraqi Securities Law.

6.The ISX has the right to file lawsuits and bring matters to the proper investigative authorities. The Chairman of the Board of Governors will represent the ISX with regard to such matters.
Board of Governors
The ISX Board of Governors (BOG) was formed in 2004 in accordance with Order # 74 known as the Securities Law. The members of the Board of Governors were named in June 2004 via the Iraqi Incidents Issue #3983. Under the supervisory auspices of the Iraq Securities Commission (ISC), the Board of Governors established and opened the ISX in June 2004.

As required by the Securities Law, the ISX held elections for a new Board of Governors on June 21, 2005. This election was supervised by the ISC and the following people were named to be on the Board.