Shaffi Securities transforms into trading-only brokerage
MG News | May 20, 2024 at 11:48 AM GMT+05:00
May 20, 2024 (MLN): Shaffi Securities (Private) Limited has converted into the category of Trading Only Securities Broker as per requirements of Regulation 5A of Securities Brokers (Licensing and Operations) Regulations, 2016.
The Pakistan Stock Exchange (PSX) issued a notice today informing about this development.
In this regard, EClear Services Limited (ESL) has been appointed as a Professional Clearing Member (PCM) of the abovementioned Trading Only Securities Broker in order to settle executed trades and keep custody of securities/money of all accounts including proprietary and other related accounts.
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