The Role of Iran's OTC Market in the Expansion of Financial and Trading Innovation in Capital Market
Subject Areas : Financial Knowledge of Securities Analysis
محمد دنیائی
1
(مسئول مکاتبات)
سید حسن حسینی
2
(ندارد)
Keywords: financial and trading innovati, trading cost, financial instruments diversif, Over the Counter (OTC) Market,
Abstract :
Due to the importance of innovation in the development and improvement of thefinancial system and economy, present research check the development of financial andtrading innovation in capital market with emphasis on the role of Iranian OTC market.This study is a descriptive - survey research and examined the viewpoints of theinstitutional investors and OTC brokers a census by making use of a questionnaire.Results implies that from the perspective of statistical research community, Iran's OTCmarket with providing structural innovations, Play an important role in the trading andmore participation in capital market and increase the diversification of financialinstruments and portfolio decision regarding to investors prospect and market risk. Also,increased the desirability of trading costs and improve the information disclosureMechanisms in capital market that its considered a good platform for investors andcompanies for entrance. Furthermore, there is no significant difference betweeninstitutional investors and brokers visions on the examined variables.