Pakistan Stock Exchange Launches New Trading System

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The Pakistan Stock Exchange (PSX) launched a new trading system, which was bought from the Shenzhen Stock Exchange (SZSE) of China

KARACHI, (UrduPoint / Pakistan Point News – October 28, 2021): The Pakistan Stock Exchange (PSX) launched a new trading system, which was bought on the Shenzhen Stock Exchange (SZSE) of China.

The system is deployed on state-of-the-art, robust and advanced internal servers to meet and exceed the business needs of psx and its ecosystem. The added benefit of NTS is the readiness of the system for new products and additions, the PSX version said on Thursday.

At the outset, it is important to note that the SZSE NTS performs exactly to specification. The processing speed of the system was maintained in the real environment. Commercial activity continued and more than 580 million shares were traded on the market that day.

As is often the case with any major technological transition, start-up problems are encountered. Prior to deployment, eighteen (18) transaction simulation sessions were organized for all brokers. All the concerns, improvements and issues highlighted by the Brokers Committee have been reviewed by the PSX and the Pakistan Securities and Exchange Commission and as per the agreement most were addressed prior to the live rollout, while some have been mutually agreed to be delivered after commissioning. .

The decision to go live on October 25, 2021 was taken by PSX after consultation and mutual agreement with the Pakistan Stock Brokers Association, the Broker Coordination Committee, other major brokerage firms and SECP.

Certain problems, material and immaterial, have been highlighted by brokers since the entry into service of NTS. The problems mainly relate to the Jade Trading Terminal (JTT) developed by a local supplier at the request of the brokers. In most markets, front-end trading terminals are developed by the brokers themselves according to their needs.

At present, the major issues facing brokers in JTT include slow feed, delays in trade update, and disconnection.

Currently, PSX IT teams are constantly working to resolve issues and issues with JTT connecting to NTS. The RMGS issue was resolved on Monday.

The slow feeding issue was largely resolved and the changes implemented before the market opened on Thursday. We expect the disconnection issue to be resolved on Friday.

The vendor and the PSX team are working to resolve delays in updating transaction logs and plan to implement some changes on Friday and the rest before the market opens next Monday.

PSX and the local provider are working 24/7, with full support from SZSE, to resolve the remaining issues in JTT and we expect the trading experience to continue to improve.


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