It is a special time in the history of Pakistan Mercantile Exchange (PMEX) as it marks 10 successful years of operations. It is an honor for me to lead and serve this company of great potential.
Looking back, the Exchange started its journey in 2007 with the vision to carve its way into providing an efficient and transparent ecosystem for all types of market participants to trade agriculture commodities and other global products.
PMEX has undergone a remarkable transformation to become a vibrant and strong national institution of the country. In the last 10 years, the Exchange has made progress on many fronts. It has been successful in expanding the product suite, inducting new members & liquidity providers, increasing its footprint over Punjab, creating awareness among the market participants about futures trading and building strategic collaboration with a number of international exchanges. The outcome is very encouraging as the trading volume of the Exchange has increased significantly due to active participation of brokers and increase in number of active traders on the Exchange platform.
On this momentous occasion, I extend my sincere gratitude to our Board of Directors and Securities and Exchange Commission of Pakistan (SECP) for their unwavering guidance and support. I would also like to convey my heartfelt appreciation to the entire team of PMEX for their dedication and hard work. The combined efforts of all the stakeholders have been instrumental in propelling the Exchange ahead.
Looking ahead, the Exchange remains committed to enriching the trading experience of the market participants by modernizing technology, introducing new products, developing an international trading and cross-listing platform for local agricultural commodities. I am excited about the bright future of PMEX and truly believe the best is yet to come.