The Iran Mercantile Exchange ( fa, بورس کالای ایران, IME) is a
commodities exchange
A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, m ...
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. The Exchange handles over 26 million tonnes of commodities on an annual basis worth in excess of US$14 billion. IME caters to both the domestic and regional markets, bringing together a host of trade participants and market makers from the capital market community, trade and industrial sectors, hedgers, retail and institutional investors.
Commodities
IME facilitates the trading of commodities and products through its markets.
IME's Listed Commodities on Different Trading Floors
Products
Industrial
*
Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...
*
Aluminum
*
Copper
*
Gold Bar
*
Zinc
*
Lead
*Precious Metals
*
Nickel
*Industrial & Mineral (including
cement)
Petrochemicals & Oil by-products
*
Bitumen
Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term a ...
*
Chemical
*
Polymers
*
Sulfur
Sulfur (or sulphur in British English) is a chemical element with the symbol S and atomic number 16. It is abundant, multivalent and nonmetallic. Under normal conditions, sulfur atoms form cyclic octatomic molecules with a chemical formula ...
*
Base Oil Base oils are used to manufacture products including lubricating greases, motor oil and metal processing fluids. Different products require different compositions and properties in the oil. One of the most important factors is the liquid’s visco ...
*
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
A seed is an embryonic plant enclosed in a protective outer covering, along with a food reserve. The formation of the seed is a part of the process of reproduction in seed plants, the spermatophytes, including the gymnosperm and angiosperm pl ...
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
Futures may mean:
Finance
*Futures contract, a tradable financial derivatives contract
*Futures exchange, a financial market where futures contracts are traded
* ''Futures'' (magazine), an American finance magazine
Music
* ''Futures'' (album), a ...
and
options
Option or Options may refer to:
Computing
*Option key, a key on Apple computer keyboards
*Option type, a polymorphic data type in programming languages
* Command-line option, an optional parameter to a command
*OPTIONS, an HTTP request method
...
(as
hedging tools).
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.
In 2013 Iran Mercantile Exchange joined the
Federation of Euro-Asian Stock Exchanges (FEAS) as a full member. It is also a member of
Association of Futures Markets
Association may refer to:
*Club (organization), an association of two or more people united by a common interest or goal
*Trade association, an organization founded and funded by businesses that operate in a specific industry
*Voluntary associatio ...
(AFM).
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
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell order ...
auction using
electronic trading platform, an interaction of bids and offers made by the buying and selling brokers. Orders, already placed by the clients, are entered in the system by the brokers sitting behind their stations in the trading floor. The system processes the orders and executes the transaction upon matching of the bid and offer prices.
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
External links
*{{in lang, en}
Iran Mercantile Exchange
Commodity exchanges in Iran