Iran Mercantile Exchange

The Iran Mercantile Exchange (Persian: بورس کالای ایران, IME) is a commodities exchange located in Tehran, Iran. Established on 20 September 2007 from the merger of the Tehran Metal Exchange and the Iran Agricultural Exchange, IME trades in agricultural, metal and mineral, oil and petrochemical products in the spot market and gold coin in the futures market.

Commodities

IME facilitates the trading of commodities and products through its markets.

IME's Listed Commodities on Different Trading Floors

Products

Industrial

• Steel
• Aluminum
• Copper
• Gold Bar
• Zinc
• Lead
• Precious Metals
• Nickel
• Industrial & Mineral (including cement)

• Bitumen
• Chemical
• Polymers
• Sulfur
• Base Oil
• Lube Cut

Agricultural

• Grains Group: various kinds of corn, grain, wheat, rice, bran
• Dried and Trans Products: various kinds of pistachio, date, raisins, saffron, cumin, tea, sugar
• Oil Meals and Seeds Group: various kinds of oily seeds like soybean and oil cake seeds like soybean, colza, cotton seed, sunshade, Safflower cake, corn, palm
• Cereals Group: pea, lentil
• Frozen Chicken

New products

In 2016, IME introduced gold futures and options (as hedging tools).^[3]

Supervision and regulation

The Securities and Exchange Organization (SEO) is the sole regulatory entity for the regulation and development of the capital market in Iran.^[4] In 2013, Iran Mercantile Exchange joined the Federation of Euro-Asian Stock Exchanges (FEAS) as an observer member.^[5]

Tradable contracts

• Spot contract
• Forward contract
• Contract on Credit
• Futures contract (since 2008)
• Options contract

Trading system

Trading in IME is based on open outcry auction using electronic trading platform, an interaction of bids and offers made by the buying and selling brokers.

IME Statistics

1 Due to the reclassification of "cement" under "manufacturing and mining products", figures for 2010/11 have been revised. Previously, "cement" was classified under "oil and petrochemical products".

References

1. "Iran Mercantile Exchange". Archived from the original on 2010-11-04. Retrieved 2010-08-27.
2. Nasseri, Ladane (2008-05-27). "Iranian Exchange to Start Commodity Futures in July; Oil Later". Bloomberg. Archived from the original on 2012-11-03. Retrieved 2010-08-27.
3. "Options Trading to Make Debut With Gold Coins". 10 December 2016. Archived from the original on 1 August 2018. Retrieved 13 January 2018.
4. en.seo.ir https://web.archive.org/web/20110722020229/http://en.seo.ir/Portals/80db6c92-61a1-4abe-a487-e469fa03e00c/IICM-vol1.pdf. Archived from the original (PDF) on July 22, 2011. {{cite web}}: Missing or empty |title= (help)
5. "Members' Profiles".
6. http://www.cbi.ir/page/7575.aspx ^{[bare URL PDF]}
7. Central Bank of The Islamic Replic of Iran. Cbi.ir. Retrieved on 2013-10-29.
8. "Annual Review". Central Bank of The Islamic Republic of Iran. Retrieved 13 January 2018.
9. http://www.cbi.ir/page/11992.aspx Archived 2014-08-08 at the Wayback Machine ^{[bare URL PDF]}
10. http://www.cbi.ir/Newestdoc.aspx?id=0&dn=AnnualReview_en&dl=1 Archived 2019-05-02 at the Wayback Machine ^{[bare URL PDF]}

External links

• (in English) Iran Mercantile Exchange