The Karachi Stock Exchange Limited’s internet trading regulations

Karachi, May 15, 2013 (PPI-OT): The TREC Holders/ Brokers who are using the online internet trading facility are hereby reminded that monthly reports are required to be kept in the back office record as per clause 12 of Internet Trading Regulations of the Exchange which is reproduced here under for information and compliance:

“The Broker providing IBTS shall maintain monthly reports on the reliability and compliance status of the service. The report shell inter-alia include:

a. Number of users of the system as at the end of the month;

b. Daily average number of transactions (of all types) processed by the system during the month and the highest number of transactions processed by the system on a single day during the month;

c. Percentage of the scheduled time for availability for which the service was not available;

d. Number of incidences in which the system remained partially or fully inaccessible for trading.

e. Reason for non-availability, if any; and

f. System modifications, if any, and its impact on the existing services.”

Please be informed that these monthly reports are no more required to be sent to SECP as it was prescribed under “Internet Trading guidelines” which have been now replaced with subject Regulations.

TREC Holder/Brokers are requested to note the above.

For more information, contact:
Haroon Askari
Deputy Managing Director
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136

Leave a Reply