The World Federation of Exchanges (WFE) ranked Tehran Stock Exchange second in its most latest rankings based on bourse index and trade volume among WFE members.
Tehran Stock Exchange bourse index from June 2009 to 2010 grew 55 percent and the current value of it went up to about 33 percent and hit over $71 billion, ranking 15th in the world top stock exchanges.
TSE trade volume increased 248 percent in one year and soared up to $8.8 billion.
In the WFE standings Colombo, Sri Lanka stood first and Turkey, Indonesia and Argentina were third to fifth, respectively.
The Paris-based World Federation of Exchanges is one of the largest trade organizations in the financial services industry, with more than 50 exchange members from across the securities and futures industry representing the vast majority of exchange-traded business.
In addition, another 48 affiliate exchanges from developing countries are part of WFE.
The federation acts as a discussion and policy forum - focused at its annual general assembly - for issues including self regulation, enforcement, trading halts and securities business conduct.