The Lahore Stock Exchange on Friday held launching ceremony of Algo Trading Software to improve liquidity and benefit brokers engaged in the practice of arbitrage. LSE Managing Director Aftab Ahmed Chaudhry inaugurated the software that would find arbitrage opportunities automatically on the basis of pre-defined parameters to be entered in the system by the brokers themselves.
Speaking on the occasion, Chaudhry said that since 2006, with decline in stock market activities, LSE's market share had been partially shifted to other exchange, reason being low liquidity and thereon insignificant trading volume and subsequent flight of investors from the Exchange.
Responding to a question on the practical usage and advantage of Algo, Aftab said Algo would take advantage of the price difference between the two exchanges based on the spread defined by the broker himself. Lastly, he also indicated that another project which was being rolled-out at LSE would be inaugurated on Monday. He also quoted that improvement of liquidity due to recent development would attract institutional investors at the LSE and it was hoped that trading activities at LSE would increase significantly. The participants much appreciated the efforts of LSE for the development of the capital market.
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