PSX completes pilot run of system

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday said it has successfully integrated and completed a pilot run of a new surveillance system with existing trading platform of the bourse to further strengthen the market surveillance capabilities.

The pilot run of the surveillance system was completed in the last week of March 2020 in close coordination with the SECP

In November 2019, Pakistan Stock Exchange signed a contract with Shenzhen Stock Exchange (SZSE) for the acquisition of a Trading & Surveillance System to bring the technological and operational systems of PSX at par with other stock exchanges around the world.

The new surveillance system pilot project has been completed with access provided to surveillance department of PSX, who can now monitor trading on real-time basis.

Farrukh Khan, CEO PSX said the system is the elementary or pilot version of the main Surveillance Software of Shenzhen Stock Exchange (SZSE), which will be fully integrated with the new trading system once it is implemented by the PSX in the next phase, expected to be completed by January, 2021.

“The successful pilot of the Surveillance system is the stepping stone towards the fulfilment of our ambition of having the best in class trading and surveillance system for PSX.”