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    * Iranian Mercantile Exchange *

    شرکت بورس کالای ایران


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    (Wikipedia) - Iran Mercantile Exchange (IME) is a commodity exchange located in Tehran, Iran. It was founded in 2006. IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. It is mainly a domestic or regional market with the ambition to become more international in the future. Iran Mercantile Exchange Iran Mercantile Exchange Type Commodities exchange Location Tehran, Iran Founded 2006 Owner IME is 30% owned by individuals and 70% by legal and financial entities. Currency Iranian rial Commodities Industrial products, agricultural products, petrochemicals Website http://www.ime.co.ir Iran Mercantile Exchange (IME) is a commodities exchange located in Tehran, Iran. It was founded in 2006. IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. It is mainly a domestic or regional market with the ambition to become more international in the future. Contents 1 History 1.1 Oil Bourse 2 Supervision and regulation 3 Products 3.1 Industrial 3.2 Petroleum by-products 3.3 Petrochemicals 3.4 Agricultural 4 Tradable contracts 5 Trading system 6 IME Statistics 7 See also 8 References 9 External links History Tehran Metal Exchange was established in September 2003 as the first mercantile exchange in the country. Later on, Iran Agricultural Exchange was established in September 2004. Subsequently, Tehran Metal Exchange merged with Iran Agricultural Exchange in December 2006 and formed the Iran Mercantile Exchange Company. Oil Bourse Main article: Iranian Oil Bourse The Government of Iran decided to establish the oil and petrochemicals exchange and the responsibility of creating this new exchange was delegated to IME Company. The first phase was launched on February 17, 2008 by executing the transactions of petrochemicals and chemicals which has been running successfully and the second phase is on the verge of launching. With the completion of the second phase, crude and by-products of oil can also be traded on the exchange in both Iranian Rial and major foreign currencies (except USD). Kish Island is the venue for trading the oil contracts. It is a free trade zone. The Islamic Republic also wants to encourage local investors to participate in the oil market as it tries to reduce the state’s role in the country’s energy industry. 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. Products Industrial See also: Mining in Iran Steel Aluminum Copper Zinc Lead Precious Metals Nickel Industrial & Mineral (including cement) Petroleum by-products See also: National Iranian Oil Company Iran holds the world's second largest oil reserves after Saudi Arabia, and the second-largest gas reserves after Tags:Arabia, IME, Iran, Iran Agricultural Exchange, Iranian, Iranian Mercantile Exchange, Islamic, Islamic Republic, Kish, Kish Island, Mining in Iran, National Iranian Oil Company, Rial, Saudi, Saudi Arabia, Securities and Exchange Organization, Tehran, Tehran Metal Exchange, USD, Website, Wikipedia


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