Who handles your account, cash, and shares
Meet the broker, PSX, SECP, NCCPL, CDC, and the planned clearing-member relationship.
Broker and exchange
A securities broker opens the brokerage relationship and handles your orders under its licence and market obligations. PSX operates the exchange and trading rules.
Regulator and clearing
SECP licenses and oversees securities brokers under the applicable framework. NCCPL operates important clearing, settlement, investor-identification, and onboarding services.
Custody and the clearing member
CDC operates securities depository infrastructure. Under the Online Only, Trading Only model Tijarat is pursuing, a Professional Clearing Member performs clearing, settlement, client cash, and custody functions required by that structure.
Tijarat cannot simply call an app balance live cash. The connected clearing evidence must support it.
Three things to keep.
- 01Different institutions perform different jobs
- 02A broker licence matters
- 03Cash and securities records need regulated rails
Should you verify a broker through official PSX and SECP information?
Show the answer +
Yes. An app store listing or social-media profile is not proof that a firm can offer brokerage services.