(SHADA: TEHRAN) -- The Securities and Exchange Organization is a key member of international institutions such as IOSCO and the Islamic Financial Services Board (IFSB), and through this has established a constructive interaction with the world. The organization also has an active presence in the stock market legislatures of the COMSEC countries and is the chairman of the Financial Literacy Working Group, the vice-chairman of the Market Development Working Group and a regular member of the other two working groups, Bijani stated.
Undoubtedly, the most important international achievement of Iran's stock market is the membership of the Exchange and Securities Organization in the International Organization of Securities Commissions, which was established in November 2018. In other words, the standards of Iranian stock market regulations are currently approved by international authorities, and this market guarantees the principles of investor protection, a transparent and efficient market, he added.
Regarding the position of Iran's stock market in the international arena, we can refer to statistical data in the past year. The number of shareholders has increased from 10 to more than 50 million, the current market value from 150 to more than 300 billion dollars and the daily trading volume has increased from about 300 million to more than one billion dollars. Also, the Tehran Stock Exchange index has grown by about 175 percent and is on the roof of the members of the World Federation of Exchanges (WFE), Bijani stated.
All these statistics show the commitment of the Securities and Exchange Organization to maintain its position as one of the developing markets in the world and is a guarantee of meeting the expectations and the needs of its foreign partners, he added.
Regarding the challenges of internationalization of the Iranian stock market, he stated: There are definitely challenges in this country, but the important thing is to manage these challenges properly. To achieve this, we must be patient, have a long-term view, find trusted internal partners and finally reach a common conclusion with foreign partners
Given that the Iranian stock market has a serious desire to become international, we welcome foreign investors and announce that we are ready to support it, he continued.
We will do our best to internationalize the market and look forward to seeing you as part of the process, Bijani said.