Pakistan's first commodity futures exchange, National
Commodity Exchange Limited (NCEL) is preparing to launch in
June this year, having selected software vendor Patsystems to
provide the exchange trading platform.
Patsystems said the deal is worth $1.3m over three
NCEL, which is owned by the Karachi, Lahore, and Islamabad
Stock Exchanges and the Pak-Kuwait Investment Bank expects to
offer futures trading in gold, cotton, cotton yarn, wheat,
rice, and sugar. Gold will be the first product launched and
the exchange is currently recruiting members to take up trading
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