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.
A source in the Middle East suggested the move was designed
to placate Iranian investors facing a strict regulatory climate
and economic sanctions. The European Union recently introduced
a tougher than ever package of sanctions, barring European
firms from investing in the Iranian oil and gas industries, or
providing insurance to Iranian entities.
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