Iran Mercantile Exchange Annual Trade Reaches 800,000bln Rials

Iran Mercantile Exchange Annual Trade Reaches 800,000bln Rials

The IME reported that 33 million tons of commodities worth over 817,000bln rials were traded on physical markets of the IME last year in cash and credit and on financial markets of the exchange within the framework of futures contracts, standard parallel SALAM contracts and certificate of depositary receipts (CDRs), experiencing a growth of 26% in terms of trade volume and a growth of 73% in terms of trade value compared to the same period of previous year.

The IME further said that nearly 13,000,000 tons of different oil and petrochemical commodities with the total value of 184,000bln rials were traded in last year.

2,509,000 tons of agricultural products were also traded in agricultural trading halls of the IME in last year.

The IME added that 9,000,000 tons of metal and mineral products worth more than 155,000bln rials were traded in its domestic and export halls in last Iranian year.

The IME was established on September 20, 2007 in accordance with article 95 of the new la 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.