Karachi December 11 2022: Pakistan Stock Exchange has removed the restriction to modify or cancel unfilled orders in Open session as per amended regulations.
In light of comments received from the market participants, PSX has removed the restriction to modify and/or cancel unfilled orders in Open Session by amending PSX (Regulation 8.15.7. Such removal of restriction will allow securities brokers to modify or cancel unfilled orders from the commencement of regular trading activity immediately after completion of order matching and confirmation period.
PSX, in exercise of powers conferred upon it under, Section 7 of the Securities Act, 2015, has made these amendments in PSX Regulations with the approval of the Securities and Exchange Commission of Pakistan (SECP).
From the information security point of view, PSX Regulation 4.25.1(f) has been inserted which requires the Securities Brokers to implement a multifactor authentication mechanism such as onetime password, PIN, soft tokens, etc. to use Exchange’s applications, which process or store sensitive data.
