Several world states offer commodities on Iran’s Mercantile Exchange

TEHRAN (FNA)- Considerable potentials and capacities of Iran’s market have persuaded several world states, including Switzerland, Turkey, India and Canada, to choose the Iran Mercantile Exchange as the most fruitful market in the region for offering of their products, IME said.

Gold bars from Metalor of Switzerland, polystyrene from Istcam Turkey, and some agricultural products from India and Canada were offered in the trading floor of the IME.

The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran’s Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services,

Risk management,

Technology services,

Training and education of the market participants.

By Fars News Agency

 

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