Dhaka Stock Exchange is set to introduce a new and fast automated trading system today that will ensure smooth share transactions as well as mitigate some existing problems. There were a lot of allegations against the existing trading system, which was introduced two years back, Swapan Kumar Bala, managing director of DSE, said at a press briefing at the bourse's premises yesterday.
An internal probe body as well as the Bangladesh Securities and Exchange Commission suggested replacing the existing trading system, he added. Eight vendors have provided different components for the new trading system, which costs around Tk 35 crore.
A separate trading board for equity and debt securities can be created in the new system, which will replace the existing ones, said a top official of the premier bourse.
The existing system was not compatible for new products. It will also resolve the problems of odd lot transactions, manual input in fixing the ranges of circuit breaker for individual equity and transaction of listed bonds, he said. An investor can buy or sell only one share or unit with the new system; there will be no market lot of shares. Skip to main content. Click here to download it for your device. The Daily Star Breaking news alert on your phone. Find more information on SMS subscription.
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