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May 24, 2023
A press briefing for media personnel from various electronic channels and print media publications was held at Pakistan Stock Exchange (PSX). The MD & CEO, PSX, Mr. Farrukh H. Khan briefed the media personnel on the successful launch of the New Trading & Surveillance System (NTS) at PSX and the budgetary proposals 2023-24 presented by PSX to the Government. The CEO PSX was accompanied by PSX Chief Marketing & Business Development Officer, Ms. Raeda Latif, at the press briefing. Addressing the media representatives, the CEO PSX, Mr. Farrukh Khan, stated that the New Trading & Surveillance System was successfully launched on May 15, 2023, as per the official announcement by PSX subsequent to the PSX Board meeting on May 11, 2023, approving the Go-Live of NTS. He said that the migration from the old system to the new system was a tremendous success as evidenced by its smooth and seamless performance as experienced by brokers, investors and other market participants. He briefed the media representatives that the NTS was a state of the art, high-performance, high-scalability and low latency system which is future-ready for multiple products such as flexible future contracts and other derivative products which will be launched in future. The CEO PSX, answering numerous queries and questions presented by the media personnel with regard to the NTS and budgetary proposals apprised them that PSX has presented important budget proposals for the upcoming budget 2023-2024 that will benefit the capital market, its stakeholders and participants. The proposals presented, if implemented, will enhance the interest and activity of investors, issuers, and all market participants in the capital market going forward, he added.
