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The Iraq Stock Exchange (ISX) was established on April 18, 2004 and it began trading on June 24, 2004. The ISX is financially and administratively independent from the Iraqi government, including the Ministry of Finance. It is organized as a non-profit entity that is owned by its members, which are the brokers, and it is regulated by the Iraq Securities Commission.
The Erbil Stock Exchange (ESX) was established as a joined stock company between the Kurdistan Regional Government, private companies and individual investors.