A new trading and surveillance system has been launched by the Pakistan Stock Exchange (PSX). Calling it a “big moment and landmark achievement”, PSX Managing Director Farrukh H Khan emphasized that the system is reliable, safe, high-performance, scalable, and has low latency.
The PSX’s media department confirmed that the new trading and surveillance system has a “remarkable safe-operation record”. It has been operational on China’s Shenzhen Stock Exchange (SZSE) for the past two decades without any disruptions.
The system is designed to provide 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.
The New Trading & Surveillance System (NTS) contains 86 real-time alerts and 105 reports, has a processing speed of 100,000 trades per second, and can process 2,000 orders per second or four million orders per day on current servers. The capacity can be enhanced up to 100 times by adding more servers. Moreover, 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.
PSX Chief Market Operations Officer Jawad Hashmi remarked that the new system could enhance overall trading hours due to its remarkable efficiency, saving traders’ considerable time.
— Additional input from APP
