The Baghdad Stock Exchange

Despite constant threats of violence, the Baghdad Stock Exchange has big plans:

Bomb blasts around Baghdad routinely shake the trading room and it takes 10 days for an investor to receive proof of a stock order, but Iraq’s fledgling stock exchange is thinking big.
Operating out of a heavily protected building in a residential sidestreet, the Iraqi Stock Exchange’s 50 brokers write up their prices on white boards but there are plans to introduce electronic trading by next summer.
Despite the technological challenge of running a virtual exchange in a country ravaged by daily bombs, officials want floor trading eliminated partly because of the risks of attack.

Posted by Eddy Elfenbein on November 22nd, 2005 at 2:26 pm

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