Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the “Tabadul” electronic trading platform.
According to a press release, the initiative, the first of its kind in Iraq’s financial market, supports the government’s vision to enhance transparency and modernise trading infrastructure in line with international best practices.
Karmal will deploy the global ZagTrader platform to manage its front, middle, and back-office operations, integrate AI technologies, and implement anti-money-laundering (AML) and E-KYC procedures. The system will provide a secure, efficient, and fully integrated trading environment.
CEO Waseem Al-Jazrawi said the project will boost investor confidence and strengthen Iraq’s financial market both regionally and internationally, praising the support from the Iraq Stock Exchange Board of Governors and the Iraqi Securities Commission (ISC).
(Source: ZagTrader)
