Summary The new trading and surveillance system is not only safe and reliable but is also a high-performance
KARACHI (Web Desk) - In a latest technology push, the Pakistan Stock Exchange (PSX) has unveiled a new trading and surveillance system for safe-operation record.
PSX Managing Director Farrukh H Khan termed the new system a "big moment and a landmark achievement".
Per the exchange's media statement, 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 a "remarkable safe-operation record" as it has been operational at China's Shenzhen Stock Exchange (SZSE) for the last two decades without any interruptions.
"The 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," according to the statement.
Speaking at the launch ceremony, MD Khan noted that the automation of the PSX trading processes had started over 20 years ago and now a "cutting-edge, state-of-the-art trading and surveillance system" has been implemented.
The managing director said it provides support for multiple products, including 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 the future.
PSX Chief Market Operations Officer Jawad Hashmi said with the launch of the new system, there will also be a possibility to enhance the overall trading hours as a result of the time saved due to its inherent efficiency.
The New Trading & Surveillance System (NTS) contains 86 real-time alerts and 105 reports with a processing speed of 100,000 trades per second.
The high-performance trading system can process 2,000 orders per second or four million orders per day on current servers and its capacity can be enhanced by 100 times by simply adding more servers.
The trading system has constant availability with automatic fail-over completed within 10 seconds and a local disaster recovery switching time of less than 10 minutes.
Additional input from APP
