Managing-Director of Tehran Stock Exchange (TSE) Hassan Qalibaf Asl said on Sunday that TSE has been admitted a member of the World Federation of Exchanges (WFE).
Qalibaf Asl said that the WFE agreed with TSE’s membership request in light of implementation of Iran nuclear deal reached between Iran and the six world powers last year and the subsequent lifting of international sanctions on Iran.
In his letter, the WFE CEO announced TSE’s dependent membership and said that TSE’s full membership in The International Organization of Securities Commissions (IOSCO) will pave the way for TSE’s full membership in WFE, Qalibaf Asl said.
He said that with 100 members, WFE is the highest international body in the securities market, governing all the aspects of securities transactions from the technical, commercial, legal and economic views.
Membership in WFE makes it possible for the TSE to adjust their indices with those of other stock markets and foreign investors will look at TSE as a rival for other international bourses, Qalibaf Asl said.
Presence in annual meetings and different working groups and boosting the international standards are among other advantages of the membership, he added.