The Chairman, Securities & Exchange Commission of Pakistan, Akif Saeed met with representatives of the brokerage industry to deliberate successful re-launch of New Trading System (NTS) at Pakistan Stock Exchange (PSX). The Chairman was accompanied by Commissioner SECP, Mr. Abdul Rehman Warraich and the SECP team, including Ms. Musarat Jabeen, Executive Director, Chairman’s Secretariat, and Mr. Asif Iqbal, Head of Department, PRDD-SMD.
The Chairman SECP and his team were apprised of the experiences, including the issues and challenges, faced by brokerage houses during mock tests of Jade Trading Terminal (JTT) and other ancillary systems that have recently been conducted by PSX to ensure successful testing of the functionalities and speed prior to going-live with NTS.
The Chairman, SECP, stressed the importance of continuous collaboration and communication amongst all stakeholders for the successful re-launch of NTS at PSX. Further, he also ensured to provide necessary support to all relevant stakeholders, as a timely and smooth launch of the NTS is critical for the introduction of new products, the development of the derivative market, and the overall progress of the capital market in Pakistan.
