Vision & Mission
Board of Directors
Online Trading Board
Articles of Association
Establishment and Legal Status:
Iran Mercantile Exchange was established on September 20, 2007 in accordance with the article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.
Services to the Market
Various sectors of economy and national industry benefit from the exchange operation. The scope of the services is as under:
Various products and commodities are listed and traded in IME which are categorized in three classifications:
Industrial Products and Commodities: the ferrous and non-ferrous metals such as Steel, Copper, Aluminum, Zinc and Lead in various form, dimension and sizes, different types of Cement, Coke,PRECIOUS METALS Concentrate, and other basic products are traded in the industrial trading session from 10:30 to 12:00 (+3.5 GMT), at the trading floor through semi electronic open outcry.
Gold:GOLD BULLIONS having different fineness from 999.9 to 900, are traded from 12:00 to 12:30 in the trading floor
Oil Products and Petrochemicals: oil related products range from Bitumen, Base oil, Crude Oil, Fuel Oil, RPO, carbon black, chemical products and petrochemicals like PP, PE, LDPE, LLDPE, Aromatics, SBR, PS, MS, and many others. The trades in this group are carried out from 13:30 to 16:00
Agricultural :the agricultural products traded in IMErange from cereals to oilseeds to oilcakes and other grains and products like wheat, feed wheat, feed barley, yellow corn, maize, raisin, lentil, chick peas, sugar, meat, eggs, saffron, pistachio, traded in the fully electronic multi-commodityTRADING SYSTEM.
Multi-Commodity: All agriculture products and some oil products like Bitumen, VB and Lubcuts are traded in the multi-commodity system from12:30 to 12:50 .
Gold Coin Futures: traded as one of the most active and successful underlying assets in the FUTURES CONTRACTS in IME. Trading hour ranges from 10:00 to 18:00 .
There are 70 listed brokerage companies in IME who are the members of the exchange licensed by the market regulator, the Securities and Exchange Organization (www.seo.ir). The brokers are authorized to TRADE ON behalf of the clients and settle and clear the contracts for them. For further information about the brokers, their ranking and performance visit www.ime.co.ir/brokers
Offerings and Orders:
Offerings are the commodities in the spot market are announced and notified 24 hours, before the trading takes place, through the exchange website www.ime.co.ir/offerings so the sellers and clients would be able to place their orders with the brokers and rest assured for trading to be matched and cleared.
In the derivatives market the clients order their trades as per specifications of the futures contract and in accordance to the order types specified in terms of order validity and the price. Around 55 brokerage firms are licensed to TRADE FUTURES for their clients. At the same time there 4 consecutive contract months issued for the investors.
1. Local Trading Floor
TRADING GROUPS Metals and Mines, Oil and Petrochemical, Agricultural Products, Futures Gold
2. Export Trading Floor
Export Trading Floor:
Venue: Kish Island (Persian Gulf)
Trading Groups : Metals and Mines, Oil and Petrochemical,
Iran Mercantile Exchange has planned to develop its activities and complexTRADING SYSTEM via strengthening its international presence in Middle East markets, which is one of the hot spots in the financial markets and within world-class exchange. Regarding to this fact, here are a list of developing activities:
üFull member of AFM (Association of FUTURES MARKETS) since 2007
üSigning of Memorandum of Understanding with Belarusian Universal Commodity Exchange (BUCE) in 2012
üSigning of Memorandum of Understanding with Kazakhstan Exchange (BEREKET) in 2012
üHolding on site training courses for FEAS of events
Spot TradingResulting in Physical Delivery:
Based on the settlement and clearing terms and conditions mentioned in the offering notice the industrial, petroleum and agricultural products and commodities are traded at following mechanisms:
According to the trading rules of THE FUTURES MARKET futures trading is broker-based so the clients must place their orders as per contract specification with one of the brokers licensed for futures trading. The initial margins are paid by the clients to their own specific account code named in the name of the clients but the clearing house is the sole authority for transferring of the margins or other charges and fees among the client accounts. The bid and ask orders are placed electronically in quos waiting for their identical price to be matched. During the course of trading the clients are in contact with their brokers adjusting their bid or ask price based on the price information, volatility factors and the news in the national or international markets. Trading commences dynamically from 10:00 to 18:00 and by matching of the prices of bids and asks open positions or open interests are formed which may remain up to the end of the trading session or are offset and closed by the broker at the clients request. At the end of the trading hour a daily settlement price is calculated and announced by the clearing house for the settlement of the contracts and clearing the risky accounts. The C/H issues margin calls for the lower-than-the-maintenance amount client accounts to bring the amount of their account to the initial margin level. At the end of the contract month those clients who are interested in physical delivery of the underlying asset may take or make delivery of the commodity subject of the contract. To become a customer of the futures market one should follow the below process:
The Built-in Clearing House: the clearing house is the counterparty of the trade partners, which is assigned to clearing the contracts and ensuring the settlement and delivery where applied.
IME’s oil and petrochemical trading floor witnessed on Wednesday, April 26, 2017, trade of 20,000 tonnes of vacuum bottom from Tehran, Shiraz and Bandar-e-Abbas Oil Refineries.
Iran Mercantile Exchange published its Seventh English quarterly newsletter, Winter 2017.
The agricultural trading floor of Iran Mercantile Exchange will play host to offering of 134,000 MT of various commodities, on Wednesday, April 26.
Saturday, April 29, 2017 09:05
Export Trading Floor
Rules & Regulations
Spot Market Info
No. 351, Taleghani St, Vali Asr St, Tehran, Iran.
All rights reserved by Iran Mercantile Exchange, 2016