Lahore: InfoTech Group, a leading Systems Integrator and technology solutions provider, completed the Trading System Transformation at Zimbabwe Stock Exchange (ZSE) as it went live and ushered ZSE in a new trading era. The agreement for a turnkey deployment of Automated Trading with the Zimbabwe Stock Exchange was signed back in 2014 to enable all transactions to match international best practices and standards of operation in terms of efficiency, transparency, fairness and cost effectiveness.
The new trading platform Capizar® ATS, marks the beginning of a new era for Zimbabwe’s capital markets, replacing the previously used manual trading system since 1896, where ZSE carried out a large number of tasks using excel and other basic packages. This smart move is expected to influence a rise in aggregate turnover as well as volumes traded. International markets all over the world reacted positively to such developments ultimately leading to increase average daily turnover levels.
Commenting on the occasion, Naseer A. Akhtar, CEO of InfoTech said, “It is a privilege to work and represent Pakistan on an international platform. We are extremely proud of the expansion InfoTech has made in international markets, being one of a kind Pakistani company to lodge work with various global clients. I would also like to congratulate Zimbabwe Stock Exchange and wish them success in this new epoch of automated trading. ”
InfoTech is one of the leading information technology firms of Pakistan, successfully automated and integrated solutions for various public and private sectors.