IFB Brokerage Firms Are among the Best in FEAS Champions League Award

ICTPRESS Report:

Federation of Euro-Asian Stock Exchanges (FEAS) announces its annual Champions League Award during ConFEAS 2019 held in Bucharest, Romania and Iran Fara Bourse brokerage firms are among the bests in terms of transactions in Fixed Income Market.

The main purpose of the very event in which one brokerage firm from Tehran Stock Exchange (in Stock Market) and two of Iran Fara Bourse stock exchange brokerage firms (Mofid Brokerage Company and Maskan Bank Brokerage Company) received silver and bronze awards is stated to be raising awareness about local participants and to give them an opportunity to be recognized.

The award targets FEAS Members’ Market participants based on their transactions in Stock Market and in Fixed Income Market and factors like transactions in primary and secondary markets, non-breach of regulations, participation in development activities and the provision of online solutions were taken into consideration.

In analyzing the primary market transactions, the investigated factors include the volume of the underwritings and that of initial public offerings, and in the secondary market factors include the volume of transactions, the number of transactions, the number of trading days, the number of financial instruments traded and the market makers’ situations.

Tehran Stock Exchange (TSE) delegate received Silver Award in Stock Market and in Fixed Income Market Amman Stock Exchange delegate received Gold Award followed by Mofid Brokerage Company and Maskan Bank Brokerage Company from Iran Fara Bourse.

Regarding this, IFB CEO announced that in addition to FEAS Champions League Award, Iran also placed the second in terms of value of Sukuk transactions among Islamic countries which was made despite the sanctions against the country, an international achievement for Iran capital market.

Notably, FEAS annual Champions League Award was held last year in Abu Dhabi, UAE, where two Iranian brokerage firms received the bronze award in the Fixed Income Market.