Tehran Stock Exchange has developed and launched new online trading system on pilot basis in collaboration with Tehran Securities Exchange Technology Management (TSETMC). The service will be fully launched in near future.
Tehran Stock Exchange said that online trading enables investors to trade from their own desktops. After an order is placed through internet the system automatically sends the order to a stock exchange member for approval and submission to the market for matching and execution.
The new service will support online trading in the Tehran Stock Exchange with an user-friendly system and will allow customers to put their orders directly to the exchange trading system and set their own bid and ask prices from all over the world.
The online trading system is likely to offer brokers opportunity to concentrate more on value added services such as professional advisory and market analysis and lower their operating costs.
Shahram Daneshvar, member director at Tehran Stock Exchange, said: “Online trading system is new, and for finding its potential weaknesses, at the first step only some special customers can use of it on trial.”