Karachi market develops risk system for short sales
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Karachi market develops risk system for short sales 10 January 2012Karachi Reporter: Anna Reitman
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The Karachi Stock Exchange has announced the development of a Risk Management Gateway System (RMGS) for brokerage houses, scheduled for launch by the end of January.
It will give exchange members the ability to identify short sales as well as other enforcement functions to improve compliance and risk management for brokerages. At present, the use of RMGS is optional.
"We believe that the RMGS implementation will be a mile stone achievement with regards to risk management and trade related regulatory compliance of brokers that will impact positively on investors' confidence on the system and investors' perception of a robust risk management system at the exchange," said KSE management.
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