PMEX: Commodity trading platform upgraded

Catalyst IT Solutions to provide new software.

KARACHI: Pakistan Mercantile Exchange (PMEX), the country’s first commodity exchange in Pakistan, has signed an agreement with Catalyst IT Solutions to provide them with a technology platform whereby PMEX brokerage houses will be able to offer online trading platforms, mobile trading platforms and SMS alert services to their clients.

Under this agreement, Catalyst IT Solutions – a company that provides similar platforms to equity brokerage houses in Pakistan – has integrated its own front office trading software Kinetic with the Electronic Trading System (ETS) of PMEX in a manner that would enable brokers of PMEX to use this software as well as offer it to their clients.

The main components of Kinetic include are Trade Cast (an online trading platform), Tick (a mobile trading platform for iPhone, Android and Blackberry) and Flux (for SMS alerts).

Once the process of integration is complete all orders of PMEX brokers can be placed and executed via the platform provided by Kinetic. This service will be available to all PMEX brokers who opt to avail this facility via Kinetic for PMEX registered futures contracts.

Published in The Express Tribune, June 26^th, 2012.