The Iraq Stock Exchange today announced that it has launched the dissemination of real time and delayed Iraq Stock Exchange (ISX) market data in conjunction with DirectFN, popularly known as Mubasher in the Middle East. The launch is part of the ISX plan to allow local and foreign investors to view real-time stock prices for the companies listed on the ISX. With this undertaking ISX and DirectFN underline their commitment to provide world-class solutions to local and foreign investors looking to expand their trading activities in Iraq.
DirectFN have provided the technology that will enable the ISX to disseminate real-time market data information to different segments such as local, regional and international investment companies and banks, and across different channels including online, mobile, media and TV among others. The real-time information will be available on DirectFN's advanced and sophisticated terminals such as DirectFN Pro, DFNI and also the DFNeXtream consolidated data feed.
Taha Ahmed Abdulsalam, CEO, Iraq Stock Exchange, said, "ISX is pleased to partner with DirectFN in providing real-time information to investors worldwide, which strongly supports our ongoing growth plans. We are very excited about the long-term prospects of this new partnership as DirectFN is globally renowned for its technology platform that ensures the delivery of up-to-date market data to local and foreign investors anywhere in the world."
Eng. Mohammed Rashid al Ballaa, Founder and Chairman of National Technology Group (NTG), said: "The Iraq Stock Exchange offers excellent investment prospects, being one of the most promising markets in the region. DirectFN is therefore very excited to serve all investors in ISX by providing them with real-time market data information and helping them make sound, research-based investment decisions. Moreover, we believe that ISX is a unique exchange as it is backed by strong sectors in Iraq, including banking, tourism and agriculture."
Commenting on the partnership, Kevin Swann, Head of Market Data, DirectFN, said: "This partnership creates fresh opportunities for our global clients to diversify their investment portfolio and take advantage of the excellent prospects that have emerged at Iraq Stock Exchange. DirectFN is likewise very proud with this partnership as it reaffirms our reputation as the preferred provider of total end-to-end solutions to leading financial institutions across emerging and frontier markets."
DirectFN specializes in a broad range of solutions including desktop information workstations, transaction systems and order management systems, and total end-to-end solutions. DirectFN™ products are branded as "Mubasher" in Saudi Arabia, and are deployed in some of the largest financial institutions across the Emerging and Frontier markets. DirectFN, a subsidiary of National Technology Group (NTG), is also a provider of exchange information to institutions via direct feeds or its DirectFN workstation, which includes reference data, charting tools and other content required by both the professional and retail investment community in the Middle East and global investment community. Available in multiple languages, DirectFN solutions are powered by industry standard, cutting-edge technology that combines timely and accurate data and order management with the highest quality of service.
NTG is a group of companies specialised in the field of information and communication technology, providing specialised solutions according to the highest international quality standards.
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© Press Release 2011
