ISLAMABAD, Oct 16: Islamabad Stock Exchange on Tuesday introduced a new trading software following its demutualisation allowing foreign investors to take part in trading from the global bourses.
The mock trading on the “Islamabad Electronic Exchange System” (IEES) began on Tuesday for 15 days after which it would become operational making ISE the country’s first bourse to introduce a modern electronic trading platform.
The brokers, who under the demutualised set up are called trading rights entitlement certificate (TREC) holders, were informed about the features of the new trading system.
“It will be a milestone in the history of ISE providing multiple options to the investors,” said ISE Managing Director Mian Ayyaz Afzal.
He informed that the system would provide online, mobile and SMS trading facilities for the clients of the TREC holders.
“The new trading system with multiple and advanced features will enable the ISE to reap the benefits of information technology,” Afzal added.
The TREC holders with the help of this system can develop business relations with brokers at international stock markets which would support a two-way trade.