Over the next few months, Pakistan Stock Exchange (PSX) plans to make a newly acquired trading platform fully operational in order to improve security features and integrate the national bourse with regional and international stock markets.
The new trading system, which cost $2.85 million and was purchased from the Shenzhen Stock Exchange (SZSE), has a built-in monitoring system that can prevent and detect data leakages and fraud attempts. The integration would aid PSX’s ability to draw foreign investment.
PSX CEO Farrukh H Khan told The Express Tribune that the new trading system will be fully operational by the middle of this year (June-July 2021). “The current trading scheme is now in the final stages of testing. For the past six months, we’ve been running mock trading sessions on the new system. The mock sessions aided in the detection and elimination of technological problems in the new system.
“The new system operates at such a high pace that it completes a trading session (full-session calculations and compilation of trading data at the end of the session) in less than one minute compared to the 30 minutes needed by the current system (KATS/Karachi Automated Trading System),” he said.
