Erbil stock exchange rivals burgeoning Baghdad

Dominic O’Neill
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More public-equity funds such as FMG, as well as brokers such as London’s Exotix and New York’s Auerbach Grayson, are looking at business in Iraq. But Iraqi Kurdistan’s decision to launch a stock exchange next year is ambitious. The capitalization of the main Iraq Stock Exchange in Baghdad is only about $3 billion, and trading volume is only about $1 million a day.