ZUBAIR YAQOOB
KARACHI Pakistan Stock Exchange (PSX) integrated and successfully completed the pilot run of the Surveillance system in the last week of March 2020 in close coordination with the SECP. In this exercise the SZSE pilot version of Surveillance Software has been successfully Integrated with existing trading system of PSX to further strengthen the market surveillance capabilities of PSX. 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, while announcing the completion of the pilot said, “This 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 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. This is the lead system which sets the basis for initiation of the more complex Surveillance System at PSX in the months to come”. He further added, “The Trading and Surveillance system provides for a solid, robust and contemporary trading platform for the benefit of all stakeholders and investors of PSX”.
