With the convergence of IT and telecommunication, geographical boundaries are losing relevance when it comes to foreign trade and investment. As the world is becoming a global village, business landscape has radically changed from competition to complementing each other and exploiting the comparative advantage. This requires greater interaction with business players both regionally and globally through trade associations.
Fully cognizant of this fact, PMEX has acquired membership of leading global associations. By actively participating at these forums, PMEX is not only keeping itself abreast of the new developments and policy issues affecting the business but also learning from the experiences of other members countries. At present, the Exchange is a member of the following international associations.
Association of Futures Markets (AFM)
The AFM promotes and encourages the establishment of new derivative and related markets and organizes international conferences in order to promote communication among members.
PMEX joined the AFM as an Associate Member in March 2012. In February 2014, PMEX was granted a ‘Full Member’ status. Attaining this eminence allows the Exchange to play a proactive role in the formation of policies of the Association and represent Pakistan on its various bodies.
Futures Industry Association (FIA)
Futures Industry Association (FIA) is a leading trade organization for the futures, options and cleared swaps markets worldwide. The mission of this Association is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. Its members includes exchanges, clearing houses and trading firms from more than 25 countries as well as technology vendors, lawyers and other professionals serving the industry.
PMEX joined FIA in 2014. The membership enables PMEX to participate at a global platform, network with industry peers, discuss common issues, exchange ideas and learn from the experiences of other member exchanges.
Memorandums of Understanding (MoUs)
PMEX is committed to developing strategic ties with international exchanges to explore new business opportunities and adopting best practices. In line with this objective, PMEX has signed Collaboration Agreements (CA) with the following international exchanges:
Under these pacts, PMEX will work together with these exchanges to share information, expertise and introduce staff training programmes to learn from each other's best practices and experiences. Moreover, PMEX in association with the these exchanges will consider hosting joint events (such as conferences, seminars and workshops) with the common objective of improving the knowledge of capital markets in their respective countries.