By By our correspondent
This is for the first time in the history of Pakistan that corporate bonds, ie, Term Finance Certificates (TFCs) are traded online. Four deals were made with an aggregate value of Rs40 million and bids/offers worth over Rs334 million were pending in the order book of BATS at the close of the market, according to a press statement issued by the KSE.
BATS platform is accessible for KSE’s trading members through the wide network of Ethernet connections, leased lines and radio connections nationwide.In order to provide unrestricted access to the trading platform for other market participants such as primary dealers, financial institutions, mutual funds and banks, the KSE has also provided View Only Terminals (VOT) which display live rates and trades throughout the trading session for accurate and transparent price discovery.