29017
4 New Stock Futures Debut at TSE
Economy, Business And Markets

4 New Stock Futures Debut at TSE

Four new companies have introduced futures contracts on their shares this week.
Stock futures are this year’s innovation in Iran’s equity markets. The Securities and Exchange Organization is allowing the introduction of derivatives at a more rapid pace.
The move is boosting the competitiveness of Iran’s capital markets against the banking system by diversifying the sources of financing.
The futures have price and trade volume caps, much like the rest of securities in Tehran Stock Exchange, Boursepress reported.
Traders can only bid within the contract’s daily volatility limit. Each broker and trader should keep within the daily quota for open contracts on each futures, the report said, without elaborating on the daily volatility limit and trade volume cap.
The four new futures have joined two futures contracts that started trading on August 31, which was a milestone for Iran’s capital markets. The issuance of the Islamic form of stock futures was approved by the SEO’s Sharia Committee, earlier this year.
Automaker Bahman Group and investment companies Tose’ Melli Group Investment Co., Tamin Petroleum and Petrochemical Investment Co. and Pension Fund Investment Co. have newly offered their stock futures on TSE’s derivatives trading floor.
Industrial holding company MAPNA Group and automaker Iran Khodro were the first two companies to offer their stock futures. Their futures contracts are for June 2016.
Stock futures can only be traded via online platforms offered by 12 brokerages.
Aban, Keshavarzi Bank, Melli Bank, Bourse Behgozin, Boursiran, Novin Investment Bank, Hafez, Khobregan Saham, Sarmaye-o-Danesh, Mehr Eghtesad Iranian Investment Company and Nahayat Negar brokerages offer trading of stock futures in the exchange.

Short URL : https://goo.gl/Elbp8O
  1. https://goo.gl/hazW90
  • https://goo.gl/AH7vNm
  • https://goo.gl/pScljD
  • https://goo.gl/NM5k7I
  • https://goo.gl/LC1keD

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...

Trending

Googleplus