SEO Cuts Trading Fees

The Securitas and Exchange Organization said Monday starting next month trading fees in the stock market will be cut by 20%. 
The new rates will take effect July 22 with the declared aim to reduce “investment costs” and encourage investors to enter bourse, according to SEO news portal, the Securities and Exchange News Agency. 
As per the current rules, investors pay 1.5% in trading fee for conducting any trade via the stock market. 
As per the new rule, 30% of the trading fees will be deposited with the Capital Market Development Fund everyday by the Tehran Stock Exchange, Iran Fara Bourse and Central Securities Depository of Iran, the pillars of Iran’s share market. 
The fund is a prominent mutual fund in terms of resources and  always has been assigned with the task of supporting stock markets and safeguarding the interest of investors.