Tehran Stock Exchange Launching Equity Futures on Sunday
Future contracts (also known as futures) will be launched officially on the Tehran Stock Exchange TSE on Sunday, the TSE director said.
Ali Sahraee said such futures are traded internationally in the form of ‘Index Futures’ but since “physical delivery” is not possible in such contracts, they have been adjusted to comply with Islamic jurisprudence.
He said the futures will be launched under supervision of Jurisprudence Committee of the Security and Exchange Organization, which granted the necessary permission for the futures.
Index futures are futures contracts on a stock or financial index. For each index there may be a different multiple for determining the price of the futures contract.
Source: FINANCIAL TRIBUNE
