20000209

KSE capacity

rises to 0.1m

trades per day

RECORDER REPORT

KARACHI: The Karachi Stock Exchange (KSE) is now capable of handling 100,000 trades per day announced on Tuesday that after the induction of new high-end servers and the implementation of the new version of trading software Horizon 3.5 system, the capacity of the Karachi Automated Trading System (KATS) had increased considerably.

The new trading system is now capable of handling up to 100,000 trades a day which was made live at the end of last month. It is heartening to note that since the installation of the new system it is operating satisfactorily and without any interruption.

Keeping in view the enhanced capacity of the new software system, the KSE management is now in a position to allow access to more terminals to its system, from 374 to 750 terminals.

Moreover, in order to reactivate the trading hall of the exchange which was closed after the switch over from the outcry system to the computerized trading system, it has been further decided to allow one terminal per booth in the trading hall. Applications have been invited from the KSE members to install terminals in the trading hall and it is hoped that it would be functional shortly.

In order to regulate the entry in the trading hall each member of the exchange would be allowed to nominate eight persons including their authorized agents and runners to represent the members for the participation in Kats.