PMEX deal with Catalyst IT Solutions
KARACHI – Pakistan Mercantile Exchange (PMEX), the first technology-driven, web-based, de-mutualised Commodity Exchange in Pakistan, recently signed an agreement with Catalyst IT Solutions to provide them with a technology platform whereby PMEX brokerage houses will be able to offer multi asset/multi exchange online trading platforms, mobile trading platforms and SMS alert services to their clients, says a press release.
Under this agreement, Catalyst IT Solutions has integrated “Kinetic”, its own front office trading software with the Electronic Trading System (ETS) of PMEX in a manner that would enable brokers of PMEX to use this software as well as offer it to their clients.
The companies have agreed to establish a technological link whereby the front end trading system of PMEX ETS will integrate with Kinetic. The main components of Kinetic include: Trade Cast (an online trading platform), Tick (a mobile trading platform for iPhone, Android and Blackberry) and Flux (for SMS alerts).