DSE: Bangladesh stock exchange upgrades Nasdaq´s X-stream INET to accomodate higher volumes

Rick Steves

“Since our commercial relationship with Nasdaq was established in 2014, DSE has continued to evolve in line with our ambition to become the leading exchange in the region and a key driver of growth for the broader economy.”

Dhaka Stock Exchange (DSE) and Nasdaq have extended their trading technology partnership, which includes an upgrade of Nasdaq´s X-stream INET in order to accommodate the increasing trading activity of the exchange with maintained market resiliency and investor integrity.

The DSE today has over 300 brokering intermediaries and processes around 400,000 equity trades per day in its 650+ listed securities with a combined market cap of around 73 billion USD.

Last year, the DSE launched a new Alternative Trading Board (ATB) and an SME market. The upgrade of its trading system will be an integral part of the exchange’s efforts to expand further.

Nasdaq’s trading technology powers more than 2,300 companies in 50 countries, including capital markets infrastructure operators, market participants, banks, and regulators.

A journey in building a world-class financial market

M. Shaifur Rahman Mazumdar, Acting MD of DSE, said: “Since our commercial relationship with Nasdaq was established in 2014, DSE has continued to evolve in line with our ambition to become the leading exchange in the region and a key driver of growth for the broader economy. By further investing in Nasdaq´s world-class technology we are confident that we will stand even better equipped to further empower investors looking to implement sophisticated trading strategies and entrepreneurs looking to raise capital in order to grow their companies and create jobs.”

Virginie Barbot, Managing Director for Marketplace Technology, Southeast Asia and Pacific at Nasdaq, commented: “Nasdaq is proud to have been trusted with deepening our already strong technology partnership with DSE. By leveraging Nasdaq´s robust and flexible technology solutions, DSE will be able to continue growing its financial footprint in South Asia while ensuring investor protection, access to capital for companies in the region as well as exciting opportunities for both local and global investors. We look forward to taking this next step in our joint journey in building a world-class financial market that will continue to benefit the region, the Bangladeshi economy and global financial markets.”

Dhaka Stock Exchange Limited is the main and largest stock exchange of Bangladesh, boasting over 650 listed securities with a combined market capitalization of around US $ 73 billion.

Fouded in 1956, the DSE’s major functions include listing of securities, settlement of trading, granting approval to the transaction/transfer of share outside the trading system of the exchange, Market Administration & control, market surveillance, and monitoring the activities of listed companies.

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