Young Journalists Club | Latest news of Iran and world

News ID: 3607
Iran » Iran
Publish Date: 11:38 - 03 March 2014
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.

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