Index Basket Futures Launching at TSE

Thursday, 20 December 2018

“Regarding finance and risk management, new instruments were introduced and launched in Iran capital market through cooperation between Securities and Exchange Organization (SEO), Tehran Stock Exchange, Central Securities Depository of Iran (CSDI) and Tehran Securities Exchange Technology Management Company (TSETMC).” Dr. Ali Sahraee, Tehran Stock Exchange’s CEO stated, in launching ceremony on Sunday, 16 December 2018.

In this regard, TSE’s new board of directors has established the Development Committee which has a duty to continuously monitor the activities and operations undertaken in line with the strategies.

Indicating to TSE’s goal in utilizing modern financial instruments, Dr. Sahraee said: “The exchange continues to introduce hedge instruments. There has been a variety of derivatives in TSE. One of them is Embedded Put Option which was availed for hedging previously and recently as a financing instrument.”

He notified: “Performance of Index Basket Futures which is designed in Iran, is similar to Index Futures contracts in other exchanges globally.”

In the end, Dr. Sahraee mentioned the benefits of trading tax exemption for new futures contracts investors and noted: “Today, seven trading symbols of this instrument were unveiled which include the portfolio of 30 largest companies and industries as Motor Vehicles, Banking, Basic Metals, Mining, Refined Petroleum Products and Chemical & By-products.