LSEG FX Deployed in Pakistan
Posted by Colin Lambert. Last updated: February 1, 2024
Two solutions from LSEG FX have been deployed simultaneously in Pakistan for the country’s interbank FX market, Matching and Market Tracker.
LSEG says the solutions have been tailored to the specific needs of the Pakistani market, and represents “a significant advancement in FX trading infrastructure and oversight capabilities in the region”.
Alongside the central limit order book model of Matching, Market Tracker is a tool that enables central banks to receive details of trades executed on LSEG’s FX Trading and Matching platforms by participants within their jurisdiction and enhances their oversight capabilities.
The initiative was conducted with the State Bank of Pakistan’s (SBP) transformative agenda to move to a fully electronic trading framework. “These launches are a testament to our commitment to bringing about transformation in the FX markets through innovative technology and strategic partnerships,” says Nadim Najjar, managing director, Central and Eastern Europe, Middle East and Africa, LSEG. “Our collaborative efforts with the State Bank of Pakistan are set to redefine the landscape of currency trading in the region.”