*The much anticipated Pakistan Stock Exchange (PSX) trading andsurveillance systems acquired from China’s Shenzhen Stock Exchange (SZSE)is expected to go live by March next year.*
“The system acquired at the cost of around $5 million is in the process ofimplementation and is expected to come live by March next year,” Farrukh H.Khan, the Chief Executive Officer and Managing Director of PSX told *ArabNews*.
“The implementation will also encourage and boost investors’ confidencebecause of the robustness of the system and effective surveillance,” hesaid.
Back in November 2019, a contract was signed between then PSX ChairmanSulaiman S Mehdi and the Chief Executive Officer of Shenzhen StockExchange, Wang Jianjun to purchase the system.
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The system offered by SZSE is a state-of-the-art, robust system. Theadditional benefits of the SZSE trading system would be built-in riskmanagement, market access, market data dissemination, market control,real-time trading system, disaster Recovery & System operation, monitoringand management, growth enterprise market (so far known as Small and MediumEnterprise trading), bonds/term finance certificate trading, single stockoption trading, index option trading and real time fault-tolerant system.
“I am sure that increased transparency [through the] stronger surveillanceframework and system in place as well as new products like options andindex trading that will be available on Pakistan exchange, will continue toincrease attractiveness for international investors from the Middle East totake the advantage of profitable opportunities in Pakistan,” Khan said.
