First Iranian stock brokerage center opens in London

TEHRAN – The first Iranian stock brokerage center in London has been inaugurated, ISNA reported on Wednesday.
Mehrafarin Brokerage Company has opened a branch in London as the first ever brokerage center in the UK.
Hassan Qalibaf, chief executive of the Tehran Stock Exchange, a number of British and German investors, as well as a group of Iranian entrepreneurs residing London attended the inaugural ceremony.
Iran’s main bourse is in talks to share its trading data with Thomson Reuters Corp. once the main sanctions on the country are lifted, according to the head of the Tehran Stock Exchange.
The discussions between the New York-based financial information company and the Tehran exchange are the latest evidence of how keen foreign companies are to enter the frontier market, if and when Iran is permanently reintegrated into the global economy.
Under a deal agreed late last year between Iran and six global powers, Western countries have already eased economic sanctions on Iran for the first six months of this year.
Hassan Qalibaf, chief executive of the Tehran Stock Exchange, confirmed a meeting had taken place with Thomson Reuters representatives on April 9 during a visit by its officials to London.
“They are interested in disseminating the trading data of the Tehran capital market,” he said, during an interview with The Wall Street Journal in London.
Qalibaf, who was accompanied to London by officials from some Iranian companies, said the group is seeking to attract foreign investment in companies listed on the exchange. Some Iranian petrochemical and copper companies are also considering a dual-listing in Europe, he said.

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