When will the swing range be removed?

According to Tejarat News, the manager of stock exchange supervision of the Securities and Exchange Organization stated that in the current situation, investors should not expect the complete elimination of the increase in the range of volatility and said: the goal of the Board of Directors of the Stock Exchange Organization will be to gradually increase the range of volatility and the possibility that the range of volatility will return to five It is unlikely that the percentage will return.

Irena wrote, “Sidmehdi Parchini” pointed out the details of the one percent increase in the fluctuation range and added: at the end of April, the Board of Directors of the Stock Exchange Organization decided to increase the fluctuation range by one percent in the first market of the exchange and over-the-counter on a seasonal basis, and it was announced that after the review and Study on the effects of this action to decide on increasing the range of fluctuation again.

He stated: Considering that about four months have passed since that resolution, the effect of increasing the range of fluctuation to 6% was investigated and a report was prepared, which was finally given to the Board of Directors of the Stock Exchange Organization.

Parchini noted: Based on this, the Board of Directors of the Stock Exchange Organization decided to increase the range of volatility in the main market again, which is now supposed to increase the range of volatility from 6% to 7% from Monday (September 7) and the range of volatility in the rest of the markets. It will be five percent as before.

Details of the increase in the swing range in the fall season
The director of stock market supervision of the Securities and Exchange Organization said about the increase in the range of fluctuation in the autumn season: the goal is to determine the change of the range of fluctuation and its difference in the stock and over-the-counter market boards according to the conditions of the companies, based on this, these two companies ( Stock Exchange and OSE) have one month from the notification date to announce their suggestions for revising and amending the acceptance guidelines and then a decision will be made regarding the change of the fluctuation range according to the conditions of the companies present in each panel.

He stated: In the next step, the conditions and quality of each board’s companies will be the basis of decision to increase the fluctuation range.

Parchini emphasized: Therefore, it can be stated that the prerequisite is that the acceptance directive be reviewed and after approval, the decision to increase the range of fluctuation in the market will be re-examined.

The director of stock market supervision of the Stock Exchange and Securities Organization stated: The goal of the Board of Directors of the Stock Exchange Organization will be to increase the range of volatility and the possibility that the range of volatility will return to five percent is unlikely, except for the occurrence of unusual circumstances that may occur for a short period of time. .

A complete elimination of the swing range is unlikely

In response to a question about whether there is a possibility of completely eliminating the range of volatility in the market, he said: There is a range of volatility in all stock exchanges in the world, but due to the existence of some trading mechanisms, there may be a greater range of volatility for the market and its transactions in have considered

Parchini stated: Now, investors should not wait for the complete elimination of the fluctuation range because this requires preconditions; For example, until the presence of professional institutions in the market is deepened and we do not lead non-professional investors to indirect investment and financial institutions, the conditions will not be favorable for a sudden increase in the range of volatility or its elimination.

The director of stock exchange supervision of the Securities and Exchange Organization said: We should also adapt the trading system to eliminate the range of volatility and use dynamic and static models of the range of volatility in order to provide a mechanism to significantly increase the range of volatility.