About Iraq Stock Exchange
Our Vision
Building an Integrated and Future-Ready Financial Market
To be an integrated financial market that provides comprehensive and diverse financial services in accordance with the objectives of the law and the competition of financial markets.
Our Message
Delivering Value Through Efficiency, Excellence, and Trust
Providing financial market services with efficiency, effectiveness and excellence in a way that achieves added value for market participants and develops the capital market in Iraq.
Strategic Objectives
Headquarters & Branch Expansion
The ISX's headquarters are in Baghdad and has the right to open branches in other Iraqi cities.
Independent Governance Framework
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.
Separate Legal Entity
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.
Transparent & Competitive Market
The ISX is committed to developing a transparent, open, and competitive trading environment.
Independent & Regulated Structure
ISX is an independent, non-profit exchange owned by brokers, regulated by the Iraq Securities Commission, and fully compliant with Iraqi Securities Law.
Legal Authority & Representation
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. Under the supervisory auspices of the Iraq Securities Commission, 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.