In a significant achievement for the financial industry, the Pakistan Stock Exchange (PSX) has unveiled its new trading and surveillance system, marking a momentous milestone for the institution.
The Managing Director of PSX, Farrukh H Khan, hailed the launch as a "big moment and a landmark achievement," emphasizing the system's advanced features and benefits. This groundbreaking system brings forth a new era of safe, reliable, high-performance, and low-latency trading and surveillance capabilities.
State-of-the-Art Features for Efficient Trading
The recently introduced trading and surveillance system at PSX combines cutting-edge technology with a remarkable track record of safe operation. Having been successfully employed at China's Shenzhen Stock Exchange (SZSE) for over two decades without any disruptions, the system is proven to be reliable and resilient. Operating on state-of-the-art servers, the system boasts faster processing speeds and execution times, enabling enhanced capacity to handle increased trading volumes effectively.
During the launch ceremony, MD Khan emphasized the continuous evolution of PSX's trading processes, highlighting the implementation of this state-of-the-art system. The new system provides comprehensive support for various financial products, including equities, closed-end funds, bonds, stock futures, ETFs, and flexible future contracts. Its flexibility also allows for easy provisioning of multiple future contracts and other derivative products, which will be introduced in the future.
A Major Leap in Trading Technology
PSX's Chief Market Operations Officer, Jawad Hashmi, expressed optimism regarding the time-saving capabilities of the new system. By harnessing its inherent efficiency, the overall trading hours can be extended, leading to increased market activity and potential growth.
The New Trading & Surveillance System (NTS) features an array of real-time alerts and reports, ensuring efficient monitoring of market activities. With a processing speed of 100,000 trades per second, the system is equipped to handle high-volume trading scenarios. Impressively, it can process 2,000 orders per second or a staggering four million orders per day on the current servers. Additionally, the system's capacity can be easily expanded by incorporating additional servers, offering a substantial potential for growth.