The Karachi Stock Exchange (KSE) is all set to double the order limit under the Karachi Automated Trading System (KATS) from April 20. The front regulator in its March 27 notice had informed the TRE Certificate Holders of its board of director's decision to enhance the KATS order limit by 100 percent.
The present limit of individual orders in terms of volume and value stand, respectively, at Rs 0.5 million shares and Rs 25 million. Post-April 20, when the KSE Board's decision takes effect, the order limits under KATS would grow double to 1.0 million shares in volume and Rs 50 million in value.
"All certificate-holding members of the exchange are hereby informed that the board decision to double the KATS order limits shall be implemented with effect from April 20, 2015," reads a KSE notice issued Tuesday.
The regulator has asked all those TREC holders, stock brokers who intend to retain their existing order limits to contact the exchange's IT section for having risk management gateway installed and configure accordingly.
The KSE earlier had held a mock session through its IT Division.
Comments
Comments are closed.