KSE to arrange mock trading sessions

ISLAMABAD: Subsequent to approval of the schemes of integration of the stock exchanges by the Securities and Exchange Commission of Pakistan (SECP), the Karachi Stock Exchange Limited (KSE) will be arranging a comprehensive pre-production mock trading session for all Trading Rights Entitlement (TRE) Certificate Holders of KSE, LSE and ISE, a statement said on Friday.

The pre-production mock trading sessions will be made available on January 9 and 10 with a live-like session.

The KSE’s management, accompanied by officials of the SECP, would also provide detailed briefing on the morning of January 9 to TRE certificate holders of the LSE and ISE regarding the two days mock trading and continue to provide assistance during the course of the sessions.

These special trading sessions are in addition to mock trading, which the KSE has been arranging over the last few weeks to aid TRE certificate holders of the LSE and ISE to familiarise themselves with the trading systems of the KSE.

The pre-production mock trading sessions will allow all TRE certificate holders to experience actual trading at KSE.

The session will grant brokers enhanced access to the entire trading engine, including the Karachi Automated Trading Terminal (KATS), internet-based trading, risk management such as the use of exposure margins through the NCHS, Cash Management System handling by designated banks for transferring cash etc. TRE certificate holders would be able to enter buy and sell orders and monitor their exposure throughout the twos day period.

These mock trading sessions will ensure readiness of TRE certificate holders of the LSE and ISE for smooth assimilation into PSX and also commence trouble free operations at the Pakistan Stock Exchange Limited with its go-live date of January 11, 2016.

As part of the overall arrangement for seamless integration of the stock exchanges, this would be an integral component to successfully conclude the project.