How has the TSE performed recently?
The TSE has performed successfully during the past two years. In particular, during the past 12 months it has provided very good returns. We are growing in terms of daily transactions, which were up 400% in the past year, and we're now past $45 billion in terms of market capitalization. We are hoping that in the next 12 months we can reach daily transactions of $120 million a day.
Is there a risk of the bubble bursting?
We are always worried about bubbles. If we feel that there is a bubble because there is too much cash, we try to increase supply, mainly helped by the Iranian privatization organization. But there is also a risk of oversupply, and we're trying to balance between two extremes. At the moment, we are asking the listing department to prepare more companies for trading. There is more money coming into the TSE because people are getting more used to buying financial products and are learning that financial assets are the way to save. We have done well at attracting people's attention to capital market products. But we lack means for indirect investment, such as mutual funds.