Tehran Stock Exchange Services Company (TSESC) ({{langx, fa, شرکت خدمات بورس تهران, ''Shirkat-e Xedâmat-e Burs-e Tehran'') is a subsidiary of the
Tehran Stock Exchange
The Tehran Stock Exchange (TSE) (, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. TSE, which is a founding member of the Federation of Euro-Asian Stock Ex ...
(TSE). TSESC was established in June 1994 in
Tehran
Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9. ...
as an independent company owned by TSE and its members. The TSESC’s main function is to develop, maintain, operate, and promote systems for all stages of the
trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
Traders generally negotiate through a medium of cr ...
-cycle services in Iran. Specifically, TSESC is responsible to:
* Provide clearance, settlement, and information services for all securities traded in Tehran TSE and other organized markets
* Provide custody and asset services as the
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ...
of Iran
* Maintain all hardware and software used for trade and post trade activities of TSE and other organized markets in Iran
* Develop and enhance existing software applications to address ever changing TSE requirements
* Provide consultancy and technical advice to all stock exchanges or interested organizations for trade and post-trade activities
* Function as the National Numbering Agency of Iran
History
TSESC started its operation as a subsidiary of the National Informatics Corporation (NIC) of Iran in July 1984. Originally, TSESC developed, maintained and operated the computerized system of TSE used for trade and post-trade activities. In June 1994, TSESC was incorporated as an independent company under the ownership of the TSE, its members, and NIC. Currently, TSE and its members are the sole owners of TSESC.
Structure
TSE and its member brokerage companies own TSESC. TSE is the majority shareholder and few brokerage companies own a small percentage of shares at TSESC.
TSESC is administrated by a Board consisting of five Directors: representatives of the TSE and member brokerage companies.
External links
Tehran Stock Exchange (TSE)Iran CSD Company
Financial services companies of Iran