PSX launches new trading & surveillance system to boost market efficiency and security

Karachi, Pakistan: Pakistan Stock Exchange (PSX) has officially launched a new trading & surveillance system (NTS) that aims to upgrade and enhance its technological capacity and functionality. The NTS is a state-of-the-art, safe and highly advanced securities trading and surveillance system that has been operational in Shenzhen Stock Exchange (SZSE), China, for 20 years without any interruption.

The NTS is not only safe and reliable but also a high-performance, high scalability and low latency system that runs on top of the line latest servers with faster processing speeds and faster trades execution speeds. The NTS provides support for multiple products including equities, closed-end funds, bonds, stock futures, ETFs, flexible future contracts and other derivative products that will be launched in the future.

The launch of the NTS was announced by the PSX Managing Director, Mr. Farrukh H. Khan, who congratulated all stakeholders and said that it was a landmark achievement for PSX that after a period of over 20 years, it has introduced a cutting-edge, state-of-the-art trading and surveillance system. He thanked and appreciated the cooperation of SZSE, SECP, PSBA, TREC Holders and other stakeholders, particularly the PSX staff, for the successful implementation of the NTS.

The PSX Chief Information Officer, Mr. Adeel Javaid, highlighted the salient features of the NTS and said that it provides easy-to-use trading business management functions and enhances the ability to ensure the trading business continuity via high availability features.

The PSX Chief Market Operations Officer, Mr. Jawad Hashmi, stated that one of the business advantages with the NTS is ease of trading and enhanced outreach of debt market to all TREC Holders/ brokers and the investors. He also said that there will be a possibility to enhance the overall trading hours as a result of the time saved due to the inherent efficiency of NTS processes. He added that the NTS has smoothly and seamlessly handled over 650,000 trades in the first eight days of its installation.

The NTS is expected to boost the market efficiency and security and attract more investors and issuers to PSX. The NTS will also enable PSX to offer more innovative and diversified products and services to its customers.

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