In order to start trading in the commodity market, investors have to contact broker/brokerage house which is duly registered with SECP under Commodity Exchange and Futures Contracts Rules, 2005. This is because only specific brokers can provide the trading platform to their investor/client to deal in commodities trading. Upon obtaining the client credentials, the brokerage house/broker forwards the same information to the Pakistan Mercantile Exchange (PMEX) for registration of Unique Identification Number (UIN) client through the platform of the National Clearing Company of Pakistan (NCCPL).
In the next phase, brokerage house/broker opens the trading account of his investor/client. Accordingly, every investor/client is advised to properly read and sign the Risk Disclosure documents with respect to trading in commodities.
After completion of account opening procedure, an investor/client will have two methods for trading on PMEX which includes direct access to the market by placing order directly on the Electronic Trading System of PMEX through a secure account; or routing orders through the brokers/brokerage houses.