Pakistan stock exchange returns back to 20 year old trading system
News, Online Service, TV, Uncategorized October 31, 2021 No Comments on Pakistan stock exchange returns back to 20 year old trading systemThe Pakistan Stock Exchange (PSX) said on Saturday it is reverting to the previous trading system as a short-term measure to provide uninterrupted services to all brokers.
The exchange replaced the 20-year-old Karachi Automยญated Trading System with the Designated Time Schedule (DTS), which it bought from Chinaโs Shenzhen Stock Exchange (SZSE), on October 25. Subsequent sessions witnessed thin volumes as users complained about the absence of basic features and frequent glitches causing trade execution delays.
โThe PSX IT team and the SZSE technical teams are working with the local vendor to address the issues in JTT,โ the PSX statement said while referring to the front-end trading terminal that connects to the DTS.
โThe PSX will initiate and organise market-wide testing before go-live,โ it noted. โOnce the matters concerning the front-end system are fully resolved, we expect to implement the new trading system in a few weeks,โ it said
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