Electronic Trading system and Training Courses in Iraqi Association of Securities Dealers (IASD)
Sunday 15 November 2009
Electronic trading (Stock Market) is a commercial activity being done through the Internet , the electronic trading has varied and increased continuously with the increasing adoption of the Internet. The electronic trading goal is to raise the performance efficiency of trading to achieve highest possible throughput. Besides that , electronic trading usage in trading deals make the dealers exceed the spatial and temporal limits , those limits could drawback those deals. The electronic trading also responds to market requests fast by dealing and interacting with clients , it also ease and simplifies processes and clears the work steps to achieve it flawlessly. Iraq lacks to this kind of electronic trading , the trading in Iraq was going by hand in Iraqi Stock Exchange (ISX) , however , many communications technology methods came in Iraq , the electronic trading project was in consideration to include a modern approach in trading and to reach the economic development going on in Arab world and international markets. The electronic trading opening project was started lately in Iraq at Iraqi Stock Exchange (ISX) in 19 April 2009 on 5 companies starting with banks and hotels , the electronic trading system continued to list companies to be more than 60 companies so far. Iraqi Association of Securities Dealers - Small Business Development Center has made a training course in its training center in cooperation with Iraqi Stock Exchange (ISX) on the electronic trading , the first course was exclusive only for the brokerage companies in June 2009 and lasted for 4 days and included 35 participants , the participants then joined another training course that was also settled in Iraqi Association of securities Dealers’ training center , which is ( Back Office ) that is considered as a supplementary course to electronic trading course.


