Native trading system begins to operate – Tejaratnews
According to Tejarat News, Ruhollah Dehghan pointed out the details of the launch of the native trading system and added: From a technical point of view, the measures related to the launch of the native trading system have been completed and now this system should enter the operational stage.
He stated: According to the planning, the native trading system will be operational by the end of the year.
Dehghan pointed out: Now some contractual steps are on the agenda in the stock exchange organization, which should be waited for and after that the system will enter the operational stage.
Using the native trading system for part of the market
CEO of Tehran Stock Exchange Technology Management Company continued: On the other hand, the native trading system is used for a small part of the market and we will transfer only a part of the market to this system.
He emphasized: Due to the existence of some risks, the entire market will not be transferred to the new system in one step, and this work will be done step by step.
Dehghan stated: Most likely, fixed income bonds and ETF funds will be transferred to this system, although the implementation of this action depends on the decision of the officials present in the capital market.
The CEO of Tehran Stock Exchange Technology Management Company continued: If the operational phase of the local system is successful, stock transactions will be transferred to this system.
The current trading system of the stock market is responsive to the current capacity
In response to a question about the extent to which the current system can respond to market transactions despite the increase in the volume of transactions, he said: The developments that have been made in the past three years regarding the trading system will respond to the current capacity of the market.
Dehghan stated: Considering the high volume and current value of transactions, market transactions are going on naturally under the influence of the developments.
The volume of stock market transactions is within the limits of 2019
CEO of Tehran Stock Exchange Technology Management Company noted: Now the volume of market transactions is in the limits of 2019, but the system is responsive to transactions and we have not encountered any problems.
He emphasized: This happened because of the activities and developments that took place in the last three years, and the ground for the improvement of the trading system has been provided.
Dehghan pointed to the current growth of the market and said: There are capacities that we will activate if the market continues to grow so that we don’t face any problems.
CEO of Tehran Stock Exchange Technology Management Company continued: Normally, after passing a certain volume of market transactions, several developments should be put on the agenda so that transactions can continue without interruption.
In the end, he said: Now the plans related to the development of the trading system have been done in line with the growth of the market and this system will respond to higher capacities of the volume of transactions.
Source: Irena