Upgrade in trading system as PSX and SZSE sign agreement
(Pakistan Economic Net) – On November 26, the marking function of PSX exchanging and reconnaissance frameworks between Shenzhen Stock Exchange and Pakistan Stock Exchange was effectively held in Shenzhen.
It is an exciting practice in respect of the Belt and Road Initiative and China-Pakistan Economic Corridor (CPEC). As a breakthrough in technological cooperation between emerging markets, it marks the first instance of Chinese securities technology system going global, a victory won by SZSE in the fierce international competition with global top suppliers. General Manager of Shenzhen Stock Exchange Wang Jianjun, Chairman of Pakistan Stock Exchange Ltd. Sulaiman S. Mehdi, and General Manager of China Financial Futures Exchange Huo Ruirong attended the signing ceremony.
As indicated by the understanding, SZSE, in view of its most recent autonomously created exchanging and observation framework and the real advancement of Pakistan’s capital market, will redesign the current PSX exchanging framework and manufacture a market reconnaissance framework for PSX. The new framework will altogether improve PSX’s protected activity limit, advertise activity effectiveness and hazard control, further upgrade the intensity and impact of PSX in the area, and lay an increasingly strong establishment for the advancement and extension of Pakistan’s capital market.