The Iraq Stock Exchange (ISX), formerly the Baghdad Stock Exchange, is an Iraqi stock exchange located in Baghdad, Iraq. It was established by the Coalition Provisional Authority (CPA) Order No. 74 as a sui generis independent non-profit organization on April 18, 2004.[1] This order also created the Iraq Securities Commission and an Iraq Depositary. The stock exchange was part of the development of the country from a non-transparent centrally planned economy to a free market economy through a dynamic private sector.[2]
The Iraq Stock Exchange was incorporated and began operations on June 24, 2004.[3][1] It operates under the oversight of the Iraq Securities Commission, an independent commission modeled after the U.S. Securities and Exchange Commission. This body, which supervises the Board of Governors, initially served as the bridge between the country's previous state-owned stock exchange and the new independent exchange. June Reed is an American adviser to the stock exchange.