AIRLINK 63.43 Increased By ▲ 0.23 (0.36%)
BOP 5.46 Increased By ▲ 0.06 (1.11%)
CNERGY 4.68 Increased By ▲ 0.11 (2.41%)
DFML 19.02 Decreased By ▼ -0.71 (-3.6%)
DGKC 70.29 Increased By ▲ 1.29 (1.87%)
FCCL 19.12 Increased By ▲ 0.87 (4.77%)
FFBL 30.86 Increased By ▲ 1.47 (5%)
FFL 9.58 Increased By ▲ 0.27 (2.9%)
GGL 10.16 No Change ▼ 0.00 (0%)
HBL 109.20 Decreased By ▼ -0.86 (-0.78%)
HUBC 127.70 Increased By ▲ 1.69 (1.34%)
HUMNL 6.85 Increased By ▲ 0.12 (1.78%)
KEL 4.39 Decreased By ▼ -0.08 (-1.79%)
KOSM 4.43 Decreased By ▼ -0.02 (-0.45%)
MLCF 37.39 Increased By ▲ 0.79 (2.16%)
OGDC 128.50 Increased By ▲ 0.20 (0.16%)
PAEL 22.80 Decreased By ▼ -0.39 (-1.68%)
PIAA 26.50 Increased By ▲ 0.30 (1.15%)
PIBTL 6.19 Increased By ▲ 0.19 (3.17%)
PPL 112.52 Decreased By ▼ -0.28 (-0.25%)
PRL 26.85 Decreased By ▼ -0.30 (-1.1%)
PTC 16.75 Decreased By ▼ -0.34 (-1.99%)
SEARL 60.72 Decreased By ▼ -1.37 (-2.21%)
SNGP 65.35 Increased By ▲ 1.40 (2.19%)
SSGC 11.05 Increased By ▲ 0.02 (0.18%)
TELE 9.10 Decreased By ▼ -0.13 (-1.41%)
TPLP 11.28 Increased By ▲ 0.28 (2.55%)
TRG 69.85 Decreased By ▼ -1.10 (-1.55%)
UNITY 23.65 Decreased By ▼ -0.30 (-1.25%)
WTL 1.31 Decreased By ▼ -0.07 (-5.07%)
BR100 7,280 Increased By 64.2 (0.89%)
BR30 23,637 Increased By 105.1 (0.45%)
KSE100 70,315 Increased By 694.7 (1%)
KSE30 23,132 Increased By 221.5 (0.97%)
Markets

PSX to acquire $2.85mn trading, surveillance systems from China’s Shenzhen Stock Exchange

The trading and surveillance system offered by SZSE is a state-of-the-art, robust system. PSX chairman said an
Published November 30, 2019
  • The trading and surveillance system offered by SZSE is a state-of-the-art, robust system.
  • PSX chairman said another additional interface is ‘China Connect', which can give PSX access to other exchanges that SZSE is connected to.

The Pakistan Stock Exchange (PSX) will be acquiring $2.85 million trading and surveillance systems from China’s Shenzhen Stock Exchange (SZSE) to boost its capabilities.

A contract has been signed between the two parties in this regard. PSX Chairman Sulaiman S Mehdi signed the agreement while the Chinese side was represented by the Chief Executive Officer of Shenzhen Stock Exchange, Wang Jianjun.

The PSX chairman said that the trading and surveillance system offered by SZSE is a state-of-the-art, robust system. The additional benefits of the SZSE trading system would be built-in risk management, market access, market data dissemination, market control, real-time trading system, disaster Recovery & System operation, monitoring and management, growth enterprise market (so far known as Small and Medium Enterprise trading), bonds/term finance certificate trading, single stock option trading, index option trading and real time fault-tolerant system.

“Another additional interface is ‘China Connect' which can give PSX access to other exchanges that SZSE is connected to such as Shanghai and Hong Kong. This would open up the Asian market to PSX and Pakistan for business opportunities. Additionally, the improved data quality will compound PSX data vending potential and capability immensely," PSX chairman  said.

The surveillance system consists of features i.e. real-time monitoring, ex-post investigation, trade replay, data query and reporting, case management, surveillance task management, security and audit, and job schedule system.

“We have received immense support and applause from the capital market stakeholders, the brokerage industry as well as the listed corporate as they all stand to benefit from the efficient operations, new product possibilities and surveillance capabilities that this system will bring in,” he said.

Comments

Comments are closed.