FEAS Yearbook FEAS Yearbook 2021 | Page 86

Securities & Exchange Brokers Association

About Securities Depository Center of Jordan

Established: 10 May 1997

Acting Deputy CEO: Mr. Jamal Jallab

Address: Capital Market Building, Al - Mansour Bin Abi Amer Street,

Al - Madina Al-Riyadiya District, Al-Abdali Area

Tel: +962 6 5672788

Working Hours: 8:00 - 16:00

Email: [email protected] Website: www.sdc.com.jo

The Federation of Euro-Asian Stock Exchanges

About Company

Established: 2007

Address: No32, DelAfrooz alley, 6th street, Vozara Street, Tehran, Iran.

Contact Name: Sara Heidari

Email: [email protected]

Website: www.seba.ir/

- Joined FEAS in 2009 -

Mohamadreza Dehghani

Secretary General

In 2021, SEBA had major changes in its management team. Mr. Mirsanei resigned from the post of Secretary-General after 11 years and was replaced by Mr. Dehghani.

Since finance and investment-related education and training to people affiliated with SEBA members and general investors is a high priority for us, fortunately, good progress has been made in 2021 from the quality and quantity point of view. Also in order to help the brokerage industry to grow and develop its services to customers, last year SEBA hosted nearly one hundred meetings of working groups and committees on more than 15 subjects, which led to a re-evaluation of business lines from a technical and regulatory perspective. SEBA tried to solve the issues which were derived from the working groups in collaboration with regulatory bodies and third parties. In 2021, the automation of some of Saba's processes was one of the goals, which was postponed to next year due to the technical complexities and lack of necessary financial resources. Last year, we witnessed terrible turmoil in the Iranian capital market and a sharp decline in trading volume. This has severely reduced the cash flow of brokers and, consequently, their investment in infrastructure especially IT equipment, which has raised some serious concerns for next years. To solve this problem and the fact that almost all brokerage firms' revenues are derived from transaction and commission fees, we are going to conduct a comparative study to convince supervisory and regulatory bodies to turn the business model of Iranian brokerage firms into international successful benchmarks in order to see more diversified and reliable cash flows for these firms and consequently stable and appropriate services to their customers.

Year in review