Pakistan Mercantile Exchange Limited (formerly National Commodity Exchange Limited)
Pakistan Mercantile Exchange (formerly National Commodity Exchange Limited) is the first technology driven, web-based, demutualized commodity exchange in Pakistan. It is licensed and regulated by the Securities and Exchange Commission of Pakistan and has a 100% Institutional shareholding.
Pakistan Mercantile Exchange Limited started its operations in May 2007 as a fully electronic exchange with nationwide reach. PMEX is committed to provide a world-class commodity futures trading platform for market participants to trade in a wide spectrum of commodity derivatives, driven by best global practices, professionalism and transparency.
Pakistan Mercantile Exchange is the first Exchange in Pakistan to employ modern risk management techniques based on Value-at-Risk with a pre-trade risk check in real time. The Exchange acts as a central counterparty to both buyers and sellers through a novation process and provide clearing & settlement on a T+0 basis using on-line bank transfer mechanism.
The Membership of Pakistan Mercantile Exchange is open to all. Currently there are more than 300 members registered on the Exchange and the number is growing every month. The members include brokerage houses, individuals and industry specialists ranging from traders to exporters and importers and commodity specialists.
Pakistan Mercantile Exchange recently changed its name from National Commodity Exchange Limited to better reflect its broad mandate and scope of activity to trade all types of futures contracts.
The Exchange recently increased its timings and now operates 21 hours. The increase in trading hours is important at this time as the international market is ticking very fast and investors in Pakistan also get the opportunity to be part of the global activity from a regulated platform whereby they benefit from the commodity price trends and have the ability to hedge their trades.
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