The Tehran Stock Exchange has launched trading in single stock futures, beginning with the two most liquid stocks, Parsian Bank and Karafarin Bank.
The contracts, denominated in Iranian rials and settled physically, will have maturity dates on a two month cycle. All transactions will be cleared and settled by CSD Iran, the Iranian clearing house.
TSE’s CEO, Hassan Ghalibaf Asl, said in a statement: “We are very pleased to develop a broader international investor base focused on the futures market. Moreover, offering the new product will help us broaden and deepen our market.
“We are committed to offering our members and investors a diversified product. At the first step,...