After the introduction of All Or None Option, availability of Request For Quote (RFQ) facility, Removal Of Circuit Breakers, and waiver of basic deposit fee on BATS, the management of Karachi Stock Exchange (KSE) has announced availability of Optional Discloser Trading facility in BATS to allow willing members to disclose their identity at the time of order placement from April 02, 2012.
However, participants willing to remain anonymous may continue to do so by choosing not-to-disclose their identity. According to a notice sent to all members, the KSE with the consent of Securities and Exchange Commission of Pakistan (SECP) and other stakeholders including the Mutual Funds Association of Pakistan (MUFAP) had embarked upon a historic Debt Market Development process on April 29, 2011 aimed at providing the market with a modern and flexible listed debt securities trading system.
Consequently, the trading in Listed Term Finance Certificate (TFC) outside Bonds Automated Trading System (BATS) was disallowed vide KSE notice dated April 29, 2011. Since then, traded value of TFC has improved and has recorded an increase of 1781 percent in traded value on year-on-year basis in the calendar year 2011, compared with 2010. In order to facilitate the understanding about the new feature, a mock session is being organised by the KSE.