Iraq is taking a bold step in finance by joining the Tabadul digital trading platform. The Iraq Stock Exchange signed an agreement with the Abu Dhabi Securities Exchange (ADX) and the Iraqi Securities Commission. This move marks a major milestone for Iraq stock market integration.
The signing ceremony was held at the ADX headquarters. This agreement builds on an earlier deal to deepen market ties. Both countries aim to support technology and financial innovation. As a result, Iraq stock market integration is entering a new phase of regional cooperation.
Tabadul is a cross-border digital trading network. It allows brokers to trade stocks across member exchanges. With Iraq now the ninth member, traders from Iraq and the UAE can work together more easily. This platform helps advance Iraq’s integration into regional capital markets by opening access to new opportunities.
Additionally, investors in Iraq can now join IPOs and other offerings in member markets. This improves financial mobility and invites more regional activity. Hence, the agreement directly strengthens Iraq stock market integration with its neighbors.
ADX officials praised the use of advanced trading systems. They also noted the platform supports post-trade services and better data sharing. Iraq will benefit from these upgrades as it continues its modernization.
Moreover, Iraqi leaders voiced full support for joining Tabadul. They believe the move will attract international investment and improve transparency. Better systems will allow Iraq to meet global trading standards.
Importantly, the platform supports remote access. Brokers can now enter foreign markets without physical presence. This flexibility boosts efficiency and supports the goals of Iraq stock market integration.
Furthermore, Tabadul automates trade processing, helping avoid delays and errors. This digital shift builds trust and reduces costs for investors. Iraq’s market will now offer faster and safer trading.
The agreement also boosts ties between Iraq and the UAE. It shows Iraq’s intent to grow through digital transformation. At the same time, it opens new paths for financial cooperation.
Looking ahead, Iraq will use Tabadul to increase its regional market reach. This aligns with ongoing reforms to grow investor interest and market activity.
Overall, this agreement confirms a stronger future for Iraq stock market integration, powered by technology and partnership.
