BSS, Dhaka :
Dhaka Stock Exchange (DSE) on Thursday launched a new automated trading system to accelerate share transactions and ensure more transparency in the trading procedures.
State minister for finance and planning MA Mannan launched the trading system namely “Go Live” at a programme at the Sonargaon Hotel here.
The launching ceremony also attended by Bangladesh Securities and Exchange Commission (BSEC) chairman Prof. Dr. M Khairul Hossain, DSE chairman Justice Siddiqur Rahman Miah, Nasdaq managing director Robert Fr”jd and Chief Executive Officer of online division of Flextrade Jean-Michel Blanco.
MA Mannan said the stock exchange entered into a new era with introducing the new trading system.
He said the government had already created a business-friendly environment and would continue its all out support to accelerate further the country’s trade, business and investment.
Prof. Dr. M Khairul Hossain expected that the new trading system would help raise investors’ confidence and attract more foreign investment.
Professor Swapan Kumar Bala said that the new trading system transformed the ability of our exchange to better serve the business requirements of financial intermediaries both local and international.
Nasdaq and Flextrade developed the new trading system, which will offer online trading of shares at investors’ convenience besides ensuring secure and transparent share transactions.
Robert Fr”jd the new trading technology that will power a key economic trading resource in the South Asia region and for the Bangladeshi economy.
Jean-Michel Blanco said the deployment at DSE represented an important milestone in the strategic positioning of our global exchange execution management systems.
After the introduction of the new trading system, the investors will also get trading access to the DSE by using individual password provided by brokerage houses concerned from anywhere in the country and across the globe through the internet.
There will be no lot in share trading as the lot size of all listed securities will be converted into single share/unit after launching of the new trading system. The new system will have a board named “DEBT” for transaction of corporate bonds and treasury bonds. All transactions of bonds will be settled on the spot.
The DSE CEO, however, said that the full-automated system would be operative in phases after successful run of its first phase, beginning on Thursday.
Dhaka Stock Exchange (DSE) on Thursday launched a new automated trading system to accelerate share transactions and ensure more transparency in the trading procedures.
State minister for finance and planning MA Mannan launched the trading system namely “Go Live” at a programme at the Sonargaon Hotel here.
The launching ceremony also attended by Bangladesh Securities and Exchange Commission (BSEC) chairman Prof. Dr. M Khairul Hossain, DSE chairman Justice Siddiqur Rahman Miah, Nasdaq managing director Robert Fr”jd and Chief Executive Officer of online division of Flextrade Jean-Michel Blanco.
MA Mannan said the stock exchange entered into a new era with introducing the new trading system.
He said the government had already created a business-friendly environment and would continue its all out support to accelerate further the country’s trade, business and investment.
Prof. Dr. M Khairul Hossain expected that the new trading system would help raise investors’ confidence and attract more foreign investment.
Professor Swapan Kumar Bala said that the new trading system transformed the ability of our exchange to better serve the business requirements of financial intermediaries both local and international.
Nasdaq and Flextrade developed the new trading system, which will offer online trading of shares at investors’ convenience besides ensuring secure and transparent share transactions.
Robert Fr”jd the new trading technology that will power a key economic trading resource in the South Asia region and for the Bangladeshi economy.
Jean-Michel Blanco said the deployment at DSE represented an important milestone in the strategic positioning of our global exchange execution management systems.
After the introduction of the new trading system, the investors will also get trading access to the DSE by using individual password provided by brokerage houses concerned from anywhere in the country and across the globe through the internet.
There will be no lot in share trading as the lot size of all listed securities will be converted into single share/unit after launching of the new trading system. The new system will have a board named “DEBT” for transaction of corporate bonds and treasury bonds. All transactions of bonds will be settled on the spot.
The DSE CEO, however, said that the full-automated system would be operative in phases after successful run of its first phase, beginning on Thursday.
