KARACHI, March 5: The Karachi Stock Exchange announced on Wednesday readiness of Karachi Automated Trading System (KATS) for the Financial Information Exchange (FIX) protocol Connectivity (Version 4.2).

FIX has been explained as “the industry-driven messaging standard that is changing the face of the global financial services sector”. Firms are stated to be using the protocol to transact in an electronic, transparent, cost efficient and timely manner.

The KSE observed that as the market’s leading trade-communications protocol, FIX was “integral to many order management and trading systems around the world”.

And the bourse hoped that it would be able to attract local, regional and global liquidity. “This technology will enable KSE members to seamlessly interact with third party automated trading platform and offer Direct Market Access (DMA) capabilities to international trading partners”.