IFB Favors Gradual Expansion of Price Spread in Share Market

The managing director of Iran Fara Bourse, the junior equity exchange, says abrupt expansion of daily price spread in the stock market is not a wanted approach. 
“We are neither in favor of such expansion of price spread nor eliminating it entirely. We believe the price spread must increase in phases,” Meisam Fadaee said in an interview   with EcoIran Web TV, the Financial Tribune's sister media outlet.
Due to its harmful effect on market sentiment and liquidity of stocks, bourse experts and authorities have reached a consensus that changes in daily price spread is now a must.