Notice for TREC Holders and Brokers Regarding PSX JTT & KITS Mock Session
The Pakistan Stock Exchange issued a notice to TREC holders and brokers about the upcoming mock session for JTT and KITS, outlining procedural details and timelines.
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Mock session notice has no immediate effect on listed sectors; watch for any operational changes.
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Open on PSX## Background
The Pakistan Stock Exchange (PSX) released an official notice addressing holders of the Trading Rights Entitlement Certificate (TREC) and brokerage firms concerning a mock trading session for the Joint Trading Terminal (JTT) and the Karachi Interbank Trading System (KITS).
## Purpose of the Mock Session
The mock session is designed to test the operational readiness of the new trading platforms, ensure system stability, and familiarize market participants with the updated processes before full implementation.
## Key Details
- Participants: All TREC holders and registered brokers are required to take part in the mock session. - Schedule: The mock trading will be conducted on the dates specified in the attached schedule (see PDF for exact timings). - Procedures: Participants must follow the prescribed order flow, order types, and settlement procedures outlined in the notice. - Reporting: Any technical issues or anomalies observed during the mock session must be reported to the PSX Operations Desk within the stipulated timeframe.
## Expected Outcomes
The exercise aims to identify and resolve any system glitches, streamline order processing, and ensure a smooth transition to the live environment for JTT and KITS. Successful completion will enhance market efficiency and investor confidence.
## Compliance
All market participants are urged to comply with the instructions to avoid disruptions and to contribute to the overall robustness of the trading infrastructure.
## Contact Information
For further clarification, participants can contact the PSX Operations Desk via the contact details provided in the notice.