PAKISTAN - LSEG (London Stock Exchange Group) today announced the simultaneous adoption of two innovative solutions for the Foreign Exchange (FX) interbank market in Pakistan: Matching and Market Tracker. Tailored to the specific needs of the Pakistani market, these launches represent a significant advancement in FX trading infrastructure and oversight capabilities in the region.

This initiative is a strategic alignment with the State Bank of Pakistan's (SBP) transformative agenda to move to a fully electronic trading framework. The introduction of LSEG's Matching and Market Tracker in Pakistan marks a new era for the country's FX market infrastructure, enhancing operational efficiency, bolstering security, and ensuring regulatory compliance, thereby catering to the dynamic requirements of the financial industry.

Nadim Najjar, Managing Director, Central and Eastern Europe, Middle East and Africa, LSEG said, “We are proud to introduce Matching and Market Tracker in Pakistan. These launches are a testament to our commitment to bringing about transformation in the FX markets through innovative technology and strategic partnerships. Our collaborative efforts with the State Bank of Pakistan are set to redefine the landscape of currency trading in the region.”

Matching is an FX Central Limit Order Book (CLOB) venue that offers traders access to market-leading liquidity and currency coverage. It is designed to be transparent, efficient, and cost-effective, allowing FX traders to execute trades anonymously within their mutual limits.

Market Tracker is a sophisticated tool that empowers central banks to receive details of trades executed on FX Trading and Matching by participants within their jurisdiction and enhances their oversgiht capabilities.

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About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

Contacts:

Tarek Fleihan
Global Communications
London Stock Exchange Group
Tarek.fleihan@lseg.com

+ 44 (0) 20 7797 1222
newsroom@lseg.com