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Markets Print 2018-04-28

PMEX Milestones at a glance 2007

Started operations as National Commodity Exchange Limited (NCEL)
Published April 28, 2018

Started operations as National Commodity Exchange Limited (NCEL)
2009
--Launched futures contracts of Silver 500 Ounce, Crude Oil 100 Barrel, Tola Gold (10, 50, 100), Rice IRRI-6
2011
--Changed name from NCEL to PMEX
--Launched Futures Contract of Sugar, Crude Oil 10 Barrel & Silver 100 Ounce
2013
--Introduced ICotton Futures Contract
2014
--Became Member of Association of Futures Markets (AFM)
--Launched Milli Tola Gold
--Relocated office to new location
2015
--Launched Red Chilli Futures Contracts
--Launched FX Pairs (EUR/USD, GBP/USD, USD/JPY)
--Integrated Meta Trader 5 trading platform
--Signed MOU with Turkish Exchanges and Dubai Gold & Commodities Exchange (DGCX)
2016
--Signed MOU with Iran Mercantile Exchange
--Opened Branch Offices in Lahore & Islamabad
--Launched Copper, Brent, Rice, Wheat & FX Pairs (USD/CAD, USD/CHF, AUD/USD)
2017
--Arranged commodity based financing for the first time in the country against the warehouse receipt
--Launched International Equity Index Futures Contracts
--Launched Platinum and Natural Gas futures contract
--Launched new COTS order types
--Developed Enterprise Risk Management Framework
--Initiated upgrade of Technology Infrastructure
--Developed electronic Commodity Murabaha at PMEX Shariah Compliant Trading Platform

Copyright Business Recorder, 2018

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