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Code: 51316 Visited: 102 Publish Date: Aug 26 2018 - 3:58
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IFB
Top IFB Brokers Communicated to FEAS
Tehran, Aug. 26 (SENA) - Upon the request of Federation of Euro-Asian Stock Exchanges, Iran Fara Bourse announced the top three brokers for each of the debt and equity markets based on the statistics derived from 2017 trading.

Tehran, Aug. 26 (SENA) - Upon the request of Federation of Euro-Asian Stock Exchanges, Iran Fara Bourse announced the top three brokers for each of the debt and equity markets based on the statistics derived from 2017 trading.

The criteria specified by FEAS is based on a model designed by NASDAQ stock exchange, based on which the top brokers were Mofid, Tadbirgaran Farda, and Bank Maskan for the equity market, and Bank Pasargad, Bank Melat, and Bank Sepah for the debt market.

The Criteria encompassed trading stats of primary and secondary markets, as well as noninfringement of laws, participation in market development, and provision of online solutions for customers. The maximum points obtainable for primary and secondary markets were 30 and 60, with the remaining 10 allocated to noninfringement, development, and solutions by 5, 3, and 2 points. Obviously, this adds up to 100.

There were other stats asked by FEAS to be provided by member exchanges including their share of the local markets, days of activity, the variety of instruments, number of trades, as well as country’s index which is the total market cap of exchanges divided by the GDP.

The top brokers will be allowed to attend the annual conference of FEAS on FinTech as guest participants and benefit from specialized workshops and panels. Previously, only member exchange and Central Securities Depository of Iran were allowed to attend FEAS’s annual events.

As of today, FEAS has 15 members including Abu Dhabi, Kuwait, Oman, Athens, Bahrain, Cyprus, Damascus, Georgia, Iraq, Kyrgyzstan, Muscat, Tashkent stock exchanges alongside IME, TSE, and IFB.

 
By: Security and Exchange News Agency (SENA)
 
 
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