News Column

Over $7.5bln of Goods Traded in Iran Mercantile Exchange in Five Months

August 26, 2014

TEHRAN (FNA)- Iran Mercantile Exchange (IME) announced that over 8 million tons of commodities with the total value of $7,484bln was traded in the IME trading and exports halls in the past five months (March 21-August 22).

The figure shows a 136 percent increase comparing to the same period of last year.

Based on the report, the metals and minerals trading floor of the IME experienced 61 percent growth and the oil and petrochemical products had 25 percent upward jump during last 5 months.

The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran's Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services,

Risk management,

Technology services,

Training and education of the market participants.

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Source: FARS News Agency

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