Karachi: M/s. Union Securities (Private) Limited has officially been activated as a Trading Only Securities Broker on the Pakistan Stock Exchange (PSX) after successfully completing the formalities required under Regulation No. 4.11 of PSX Regulations. The announcement, made on July 25, 2025, informs market participants of the company's new status as an active TRE Certificate Holder, with TREC No. 324.

In addition to its activation, Union Securities (Private) Limited has secured the services of Eclear Services Limited (ESL) as its Professional Clearing Member. ESL will be responsible for settling executed trades and maintaining custody of securities and money for all accounts associated with Union Securities, including proprietary and other related accounts.

According to information available from the Pakistan Stock Exchange (PSX), this development is a key step for Union Securities in enhancing its operational capacity within the market category. The designation as a Trading Only Securities Broker allows the firm to focus on executing trades without the involvement in underwriting or managing initial public offerings.

The integration of ESL as a clearing member ensures that Union Securities has a robust system in place to handle the settlement of trades and the safekeeping of client assets. This collaboration is expected to streamline operations and provide additional confidence to market participants engaging with Union Securities.

The activation of Union Securities as a Trading Only Securities Broker underscores the ongoing evolution and expansion of brokerage services within the PSX, which remains a critical platform for securities transactions in the region.