KARACHI: Pakistan Stock Exchange (PSX) will fully operationalise the newly-acquired trading platform from Monday (Oct 25) for more efficiency in the trading processes and integration of the national bourse with international stock markets.

The new trading system is a built-in surveillance system and capable of preventing and detecting data leakages and any theft attempts. The new trading system would fully replace Karachi Automated Trading System (KATS), which was in operations since 1997.

PSX on Friday notified the new trading session timing/Designated Time Schedule (DTS), which will take effect from the date of Go Live of new Trading System, planned for 25th Oct 2021.

Pakistan Stock Exchange revises trading session timings

According to PSX, the key changes to the DTS are extension of 30 minutes for continuous trading session, reduction of post close session to 10 minutes and reduction of break period to 1 minute.

KATS has become outdated and there was need to replace this system. Accordingly, the PSX management bought a new system from Shenzhen Stock Exchange (SZSE) with an investment of some $2.85 million. PSX was holding mock trading sessions for the last ten months to detect and remove technical issues in the new trading system.

Analysts said that new trading system would also attract more foreign investors in the equity market. New system would automatically address complaints about investors’ data leakages and theft as to which investors bought which shares at what prices. The new system works at a high speed that it concludes trading session.

Copyright Business Recorder, 2021