Iran Mercantile Exchange (IME)

Iran Mercantile Exchange was established on September 20, 2000 in accordance with the article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merge of the agricultural and metal exchanges of Tehran. The merge marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Services to the Market:

Various sectors of economy and national industry benefit from the exchange operation. The scope of the services is as under:

  •   Performing as the first market providing access to the initial offering of the listed commodities
  •   Price discovery and price making for the OTC, secondary markets and the end users
  •   Providing venue for government tenders, sales and procurement purchases
  •   Providing trading platform and user interface for the clients
  •   Providing Clearing & Settlement services
  •   Risk management
  •   Technology services

Training and education of the market participants Product :

Various products and commodities are listed and traded in IME which are categorized in four classifications:

  •    Industrial Products and Commodities:

    The ferrous and non-ferrous metals such as Steel, Copper, Aluminum, Zinc and Lead in various form, dimension and sizes, different types of Cement, Coke, Precious Metals Concentrate, and other basic products are traded in the industrial trading session from 10:30 to 12:00 (+3.5 GMT), at the trading floor through semi electronic open outcry.

  •    Gold:

    gold bullions having different fineness from 999.9 to 900, are traded from 12:00 to 12:30 in the trading floor. Oil Products and Petrochemicals: oil related products range from Bitumen, Base oil, Crude Oil, Fuel Oil, RPO, carbon black, chemical products and petrochemicals like PP, PE, LDPE, LLDPE, Aromatics, SBR, PS, MS, and many others. The trades in this group are carried out from 13:30 to 16:00

  •    Agricultural:

    the agricultural products traded in IME range from cereals to oil seeds to oil cakes and other grains and other products like wheat, feed wheat, feed barley, yellow corn, maize, soybean, soybean meal, raisin, lentil, chick peas, sugar, saffron, pistachio, traded in the fully electronic multi-commodity trading system.

  •    Multi-Commodity:

    All agriculture products and some oil products like Bitumen, VB and Lubcuts are traded in the multi-commodity system from 12:30 to 12:50. Gold Coin Futures: traded as one of the most active and successful underlying assets in the futures contracts in IME. Trading hour is 10:00 to 18:00. Note: The official weekend holidays in Iran are Thursdays and Fridays.

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