Economy, Business And Markets

New Trading at Intellectual Property Market

New Trading at Intellectual Property MarketNew Trading at Intellectual Property Market

Iran Fara Bourse’s intellectual property market saw its fourth round of trading.

According to Securities and Exchange News Agency, the design and ownership rights for a proprietary cigarette filter that absorbs 80% of cigarette smoke’s harmful substances without reducing the smoke’s nicotine content was sold to a buyer for 16 billion rials ($440,000 at market exchange rates) on the IFB.

The cigarette filter has no foreign counterpart.

The sale brings the trading volume on IFB’s intellectual property market to 30.5 billion rials ($850,000).

IFB is an over-the-counter exchange that is home to Iran’s largest bond market, its most vibrant stock market, along with a market for intellectual property and investment vehicles like Exchange Traded Funds, Housing Mortgage Rights and Exchange Traded Project Funds.