French’s Return to The Iranian Stock Exchange

The deputy of the Tehran Stock Exchange, Ali Sahrai, announced the return of the French IT company, Atos, to Iran. A contract has been signed between Tehran Stock Exchange (TSE) and Atos over updating the stock trading system.

tradingsystem

By updating the core trading modules it is hoped that all technical issues in the system will be resolved and therefore the market will not face technical problems during trading hours. A problem which were getting serious over the last months, as the trading system was often blocked.

The contract between Atos, Tehran Stock Exchange and Iran Farabourse (an over-the-counter-market) will see the core trading modules of these markets updated to the latest version i.e. 2015 version.

Atos designed and carried out the database and software sources of the Iranian financial market in 2006. However, due to sanctions, they have not been updated. The main area of the contract between TSE and Atos include the updating of the software modules in the trading core and system, localization and customer relations which are to be carried out in the coming 8 months.