There is a possibility that the core of stock exchange transactions will be shut down in the near future

Ruhollah Mirsanei, Secretary General of the Brokers Association: Policies and regulations that have been formed in the capital market are pushing the core of Tehran Stock Exchange transactions to shut down. According to the managers of the Brokers Association, the current system no longer responds to the growing volume of demand in the stock market.

According to the Gold Cafe , Ruhollah Mirsanei, Secretary General of the Brokers Association, said: "The red carpet that has been spread for the shareholders will affect the stock exchange and the shutdown of the trading system is a serious warning."

The world of economics writes in a report; The core problems of stock trading are not complete. Now, in the latest event, the Secretary General of the Brokers Association announced the possibility of closing the core of stock exchange transactions in the near future. According to the managers of the Brokers Association, the current system no longer responds to the growing volume of demand in the stock market. The current unfavorable approach to initial public offerings, the attractiveness of fluctuations in speculation, and cumbersome rules to  direct liquidity to mutual funds are some of the reasons that lead the core of trading to blackout.

"Policies and regulations that have been formed in the capital market

"The core of Tehran Stock Exchange trading is leading to shutdown."

Meanwhile, the Secretary General of the Brokers' Association confirmed the news of the possibility of a shutdown of the trading core, which considers that the main reason for this event is the regulations and policies that have led the trading system to failure.

Reasons for persistent disruption of the trading system

 Ruhollah Mirsanei, Secretary General of the Brokers Association, said that the reason for these disorders was the maximum presence of people for direct investment in the stock market and added: "No trading system anywhere in the world can handle this volume of shareholders." He continued: "In other countries, the influence of people in stock exchanges is more than 70%, but it should be taken into account that the presence of investors is indirectly through portfolios and investment funds."

He added: "Encouraging officials to enter the stock market and the desire of shareholders to participate in initial public offerings with a 100% profit guarantee is one of the most important reasons for closing the trading core. Policies, procedures and regulations that stock exchange managers must This market will change it.

Mirsanei considered the initial public offerings as one of the main reasons for the continuous disruption of the trading system and added: "When stock exchange managers offer pre-determined risk-free profits to people in the form of initial public offerings, what can be expected that people do not welcome this profit?" The capital market must be a place to discover the rate, and when the stock exchange sets the price ceiling and floor much lower than the intrinsic value of the stock on the day of the initial public offering, the investor has a guaranteed and predetermined profit.

According to the Secretary General of the Brokers Association; The red carpet that will be spread for the stockholders and the shutdown of the trading system is a serious warning. Another reason for the shutdown of the trading system in the near future is the presence of people in the stock buying queue who stand behind the queue without analysis and knowledge. Purchase queue due to limitations such as fluctuations and  base volume .

Mirsanei said that another reason for the successive disruptions in the trading system was the lack of facilitation in raising the ceiling of investment funds and added: "The process of increasing the ceiling of investment funds is very long and the stock exchange organization should facilitate the process of increasing the ceiling of less than one day."

In the end, he said, stock market officials should lead people to indirect investment to remove the pressure from the system and move away from the blackout point.

"Disruption in the stock exchange trading system is a problem that has plagued the Tehran Stock Exchange trading system for years. The entry of new shareholders into the trading arena and the increase in  trading codes on the one hand and the depreciation of the trading core and its urgent need for development and reform on the other hand have made the current trading system unresponsive to investors. According to experts, this system did not respond to market participants even before the stock market boom, and now that the number of shareholders is increasing every day, we should expect the core of transactions to no longer work.

An event that should be anticipated by the officials of the stock exchange and the technology and information company and a solution should be considered before that.

Unilateral sanctions are one of the biggest obstacles to reforming and developing the current trading system. But capital market participants believe that just as our stock market is indigenous, it is better for the trading system to be indigenous and to use internal capacities to design the trading system. However, the design process takes a long time to implement, and in the meantime, many trials and errors must be experienced.

The basic urgent need for trading system development

Alireza Tajbar, a member of the board of directors of the Brokers Association, said in this regard: "The trading system was purchased 15 years ago and is depreciated today and needs to be developed and improved."

He added: "At that time, this system was designed for a volume of 100 billion transactions and a market with very few transactions."

The member of the board of directors of the Brokers Association emphasized: this system was updated in 1993, but due to the unprecedented inflow of liquidity and a significant increase in the volume of transactions, this system needs to be updated and fundamentally developed. He added: "It is true that unilateral sanctions have made it difficult to develop this system, but it is still possible. This system is in a better condition than last year, and with the changes in infrastructure, the load of the system can be reduced. It is also important that the policy of market elements should be to encourage investors to invest indirectly, and in the meantime, the creation of new investment portfolios and funds is an incentive for people to invest indirectly.

Fixed technical problems of the stockbroking system

A member of the Parliamentary Program, Budget and Accounts Committee believes that the technical problems in the brokerage system discourage people from investing in the stock market.

Rahim Zare, a member of the Program, Budget and Accounts Committee of the parliament, in an interview with Khane Mellat, referring to the need to upgrade the infrastructure of stock exchange brokerages, said: It is an investment in the stock market, the Exchange and Securities Organization should oblige them to provide special services to customers by closely monitoring the brokerages. Wandering is considered to be the main cause of inflammation and turmoil in the foreign exchange, coin, car and housing markets. It is necessary to lead people to invest more in the stock market by creating appropriate infrastructure, while investors in recent days to enter the brokerage system with technical problems They are facing.

The stock exchange organization obliges brokerages to use superior technologies

Rahim Zare, stating that the technical defects in the  brokerage system will discourage people from investing in the stock exchange and will destroy their confidence, said: The Ministry of Economic Affairs and Finance should require the Exchange and Securities Organization to work on the activities of brokerages Properly monitor and oblige them to use superior technologies, otherwise the stock market capacity will be lost.

The representative of the people in the 11th parliament added: it is necessary to prepare the people for conscious entry into the stock market through accurate education and information, and the realization of this important task depends on using the capacity of the Radio and Television Organization.