Pakistan's first futures exchange, National Commodity
Exchange Limited (NCEL) is expected to commence operations in
November if regulatory approvals are given.
The exchange hopes to offer commodity futures such as gold and
cotton, and may eventually launch interest rate and stock index
futures, according to Pakistan Press International. NCEL is
using Patsystems for its trading engine, order management and
back office systems (see FO Week Vol 9 No 3).
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