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PSX Convert Three Securities Broker to Trading Only Category

admin-augaf by admin-augaf
July 25, 2023
in Business, Finance, News
Reading Time: 1 min read
0
Pakistan Stock Exchange Restrict Securities Broker from Trading
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Karachi July 25 2023: Pakistan Stock Exchange informed that M/s. Millennium Brokerage (Private) Limited, M/s. K & I Global Capital (Private) Limited and M/s. Strongman Securities(Private) Limited have converted into the category of Trading Only Securities Broker as per requirements of Regulation 5A of Securities Brokers (Licensing and Operations) Regulations, 2016.

In this regard, EClear Services Limited (ESL) has been appointed as Professional Clearing Member (PCM) of abovementioned Trading Only Securities Brokers in order to settle executed trades and keep custody of securities/money of all accounts including proprietary and other related accounts.


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Tags: PSXTrading Only
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