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  • 21-12-21

    Iran’s IME makes goods market more noticeable, clearer

    (MENAFN) According to the head of Iran’s Securities and Exchange Organization (SEO) statement, Iran Mercantile Exchange (IME) has made the nation's goods market noticeable and clear.

    Majid Eshqi stated while speaking at an event to inaugurate “futures” for the copper cathode agreements at the IME, “Pricing is one of the problems that has always existed in this market and we still have this problem in some products.”

    Futures deals (in other words, futures) are financial agreements forcing the purchaser to buy an asset or the seller to sell an asset at a prearranged upcoming date and value.

    In an attempt to increase risk management in the nation’s capital market, Tehran Stock Exchange (TSE) formally initiated futures agreement in a ceremony held in December two years ago at the place of Central Securities Depository of Iran (CSDI), which is the only record-keeper, central custodian as well as clearing house for the Iranian stock exchange.

    MENAFN21122021000045013568ID1103408534

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