PSX Adopts and Implements the New Trading and Surveillance System - Press Release issued by Pakistan Stock Exchange Limited.

Karachi -- May 25, 2023 (PPI-OT)

Following is the text of press release issued by Pakistan Stock Exchange Limited (PSX)

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As per the official announcement dated May 11, 2023, issued by Pakistan Stock Exchange (PSX), subsequent to the Board meeting, PSX has officially launched the new trading and surveillance system in line with its objective to upgrade and enhance its technological capacity and functionality. It is a state-of-the-art, safe and highly advanced securities trading and surveillance system.

The new trading and surveillance system is not only safe and reliable but is also a high-performance, high scalability and low latency system. The trading system has been operational in Shenzhen Stock Exchange (SZSE), China, having a remarkable safe-operation record of 20 years without any trading interruption. The new trading and surveillance system runs on top of the line latest servers with faster processing speeds and faster trades execution speeds providing enhanced capacity to increase trading volumes.

Speaking at the launch of the new system, the MD PSX, Mr. Farrukh H. Khan, extending his congratulations to all stakeholders, said, "It is a big moment and a landmark achievement for Pakistan Stock Exchange that after a period of over 20 years, since the automation of the Stock Exchange trading processes started, we have introduced a cutting-edge, state-of-the-art trading and surveillance system.

This trading system provides support for multiple products which includes equities, closed-end funds, bonds, stock futures, ETFs, flexible future contracts with easy provisioning of multiple future contracts and other derivative products which will be launched in future. We have launched this system successfully as evidenced by its smooth and seamless performance as experienced by the brokers, investors and other market participants".

He further stated, "I thank and congratulate all PSX staff, Pakistan Stock Brokers Association (PSBA), TREC Holders and other stakeholders...