Tehran, YJC. Mercantile exchange officials have discussed their efforts to rejuvenate the organization.
In a conference held on Sunday afternoon at Razi auditorium in Tehran,
Dr. Salehabadi, President of the Securities and Exchange Organization, pointed
to a new section in the organization focusing on parallel futures contracts and
said "The respective officials are trying to solve the problems that exist
around parallel futures contracts. We hope that with this monetary tool we will
be able to boost the exchange.”
Then Dr. Panahi, Acting Deputy of Market Development and Research of Iran’s
Mercantile Exchange (IME) provided comments on the monetary status of the IME
and pointed to outlines in the organization’s strategic plans.
He added "While in Iran the mercantile exchange is concerned rather with
physical, financial deals, in other countries the organizations go about financial
instruments.”
Mir Sanei, Secretary of Association of Stock Brokers was the next
speaker who also provided comments on new methods such as futures contracts.
He added that lower liquidity risk and contract volume, as well as
continuity pricing are some of the features of such contracts.