Regulatory Alerts2024-11-14
Iraqi Securities Commission Regulatory Rules No. 27 (2022) - Electronic Trading
The Iraqi Securities Commission issued Regulatory Rules No. 27 in 2022 to govern electronic trading operations on the Iraq Stock Exchange, defining market hours, order types, and execution protocols. The regulations establish strict procedures for pre-opening and continuous trading sessions, including specific algorithms for opening price calculation, order priority based on price and time, and special order conditions. It further details mechanisms for market protection, order cancellation, suspension, and closing price determination to ensure market integrity and operational efficiency.
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