DSE to enhance trading engine capacity

FE Team | Published: September 20, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
Dhaka Stock Exchange (DSE) will enhance the capacity of its trading engine from two units of processor to four units very soon.
"We are enhancing the capacity in view of the growing market during the recent months," a DSE source told the FE Wednesday.
Besides, the bourse will develop more sophisticated surveillance software to monitor the market.
The daily average turnover of the DSE crossed the Tk 2.0 billion (200 crore) mark even without the 'netting facility' on September 3 last.
The daily turnover, however, declined in the recent period due to 'cautious trading' by the investors ahead of the Eid festival. The turnover stood at Tk 1.27 billion Wednesday.
A good number of DSE members have already opened their branch offices in different business hubs inside the Dhaka city to facilitate trading by the investors from their respective areas instead of rushing to the main office of DSE at Motijheel.
He said the DSE expects a significant rise in daily turnover with broadening of the Wide Area Network (WAN) automated system, which will facilitate a large number of investors across the country to take part in trading.
The DSE source also said the number of individual investors will hopefully increase by around 50,000. Presently there are about 200,000 (2 lakh) individual investors in the country's stock market.
The DSE has already opened its branch offices in major cities including Chittagong and Sylhet.
The DSE move on business expansion was taken in view of an upgraded trading system launched on August 21 of 2005 to cater to the growing demands for securities market including an enhanced trading capacity of 50,000 howlas per day, which is scaleable up to 100,000. Previously the daily trading capacity was 15,000 only.
Hewlett & Packard (HP) of the USA, Scandent Solutions of Chennai (India), and the Syscom Information Systems Ltd of Bangladesh completed the upgradation project at a cost of Tk 60 million (6 crore), which doubled the previous 16-byte Tandem Electronic Security Architecture (TESA) application to 32 bytes.
"DSE has a commitment to help broaden the securities market, and the gradual expansion is the manifestation of the same," said DSE senior vice president Ahmad Rashid.
A real time online trading platform will only bring the scattered investors to the mainstream stock trading, market operators said.
"Local investors had earlier faced problems in learning about the latest disclosures and stock prices in absence of any online platform, and from now on we will be able to do business in a smooth and hassle-free way," KM Sufian, a Chittagong-based investor, told this correspondent.
Meanwhile, DSE will remove its trade view window from TESA software to ensure more transparency in trading.
"The counter party will be prevented from viewing the trade of others, once the window is removed," a DSE source said.