TEHRAN, YJC. -- Iran Mercantile Exchange (IME) inaugurated its Tabriz branch trading floor to fund and cover up the region industry risk with the region’s high ranking officials attending the ceremony on Wednesday.
Addressing the ceremony, Deputy Managing Director of IME, Muhammad Mahdi Amini underlined that the entrepreneurs and industrialists have four expectations from IME to pave the way for activity in this field.
"Price discovering is the first expect; so that the entrepreneurs would be able to compete in a fair system.
Now, the way of IME price discovering has resulted tar and ore prices to be as reference for the region market and the foreign presses”, he said.
He went on to say that the second function of IME refers to covering up the investment risk for industry. The IME derivatives means of commodities have been expanded in recent years and IME has sought to back the industrial units and manufacturers.
"Financing and funding are the third expectation and, in other word, the key hindrance for the industrial units and manufacturers; in this regard IME has set up standard parallel forward contract in its trading floor this current year. So, some companies like Gol Gohar garnered Rials 83 Bln through this procedure”, the official added.
"The expansion of brokerage network is the entrepreneurs and industrialists fourth expatiation in order they would be able access to the fair trades in IME trading floors. IME launched its branches in Anzali, Mashad this year and now is inaugurating in Tabriz”, he said.
At the end, Amini hoped that IME could pave the way for further flourish of national economy.
Kayhan Int’l