23640
TSE to Introduce Index Options
Economy, Business And Markets

TSE to Introduce Index Options

Tehran Stock Exchange is awaiting the completion of software that would process derivatives and introduce index options, its chief executive said Monday. The Securities and Exchange Organization gave the green light for the introduction of stock derivatives in Iran’s equity markets. The Sharia Committee of SEO approved Sharia-compliant versions of futures and index options on June 10. “Tehran Stock Exchange initiated studies to introduce instruments that resembled index derivatives last year,” said Ali Abbas Karimi, the development deputy of the company. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on or before a specified date.The index option’s Sharia –based version is called “Portfolio Option” by the SEO, according to the organization’s news website Sena.

Short URL : http://goo.gl/lJUecX

You can also read ...

Iran Economic News Headlines for Today - October 15
1. Mohammad Baqer Nobakht, the head of Plan and Budget...
Iran Plans Barter Trade With Africa - Interview
As a bid to ease trade with African countries, the Iran...
Ban on Iran Imports From Farah Checkpoint to Be Lifted
Afghanistan Customs Department has agreed to lift the ban on...
Iran, India Aim to Accelerate Chabahar Project Before US Curbs
India and Iran have renewed efforts to operationalize one...
Iran Mineral Trade Surplus Rises to $3.5 Billion
Iran's trade surplus of mineral products increased notably to...
Iran Bushehr Port Exports to Qatar Hit $56 Million (Mar-Sep 2018)
About $56 million worth of non-oil goods were exported from...
Cars to Cost More in Iran
Automakers will soon receive the okay from relevant...
SMEs Account for 10% of Iran's Exports
Small- and medium-sized enterprises account for just over 10%...

Trending

Googleplus