The PSX board of directors took this decision in a meeting held here Thursday.
The SZSE is one of the largest stock exchanges in the world and also holds 5 percent equity stake in PSX.
Yu Huali, a non-executive director on the board of PSX representing SZSE, who is also Chief Engineer/CTO of SZSE, is interested in the transaction and has accordingly complied with applicable requirements in this regard, a PSX notice issued here said.
In view of the above decision of the Board, the PSX will be able to put in place state-of-the-art technology, upgrade the functionalities of its trading platform and deploy robust surveillance mechanism to perform automated and intelligent surveillance functions, the notice said.