February 13, 2007	Tuesday	Muharram 24, 1428

LAHORE, Feb 12: The Unified Trading Platform, a system jointly adopted by Lahore and Islamabad stock exchanges, will become functional after the approval of regulations by the Securities and Exchange Commission of Pakistan (SECP).

“Necessary hardware and software is available with the LSE and the ISE and regulations have been submitted to the SECP; we are just waiting for a nod,” said the MD of the LSE, Hamid M. Imtiazi, here on Monday.

Both the stock exchanges have joined hands in a bid to increase their trading volumes by extending their geographical outreach as well as retaining the trading volumes that are generated at these bourses, but recorded at other exchanges.

Imtiazi said the UTP system would be common trading platform for trading in commonly-listed securities on a real-time basis through execution of orders entered by members of LSE and ISE on an integrated, inter-exchange or intra-exchange basis.—APP