ISLAMABAD – The Pakistan Stock Exchange (PSX) will be acquiring $2.85million trading and surveillance systems from China’s Shenzhen StockExchange (SZSE) to boost its capabilities.
A contract has been signed between the two parties in this regard. PSXChairman Sulaiman S Mehdi signed the agreement while the Chinese side wasrepresented by the Chief Executive Officer of Shenzhen Stock Exchange, WangJianjun.
The PSX chairman said that the trading and surveillance system offered bySZSE is a state-of-the-art, robust system. The additional benefits of theSZSE 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, growthenterprise market (so far known as Small and Medium Enterprise trading),bonds/term finance certificate trading, single stock option trading, indexoption trading and real time fault-tolerant system.
“Another additional interface is ‘China Connect’ which can give PSX accessto other exchanges that SZSE is connected to such as Shanghai and HongKong. This would open up the Asian market to PSX and Pakistan for businessopportunities. Additionally, the improved data quality will compound PSXdata vending potential and capability immensely,” PSX chairman said.
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The surveillance system consists of features i.e. real-time monitoring,ex-post investigation, trade replay, data query and reporting, casemanagement, surveillance task management, security and audit, and jobschedule system.
“We have received immense support and applause from the capital marketstakeholders, the brokerage industry as well as the listed corporate asthey all stand to benefit from the efficient operations, new productpossibilities and surveillance capabilities that this system will bringin,” he said.
