BSEC asks DSE to explain as trading halts
FE Report | Sunday, 13 April 2014
The securities regulator asked the Dhaka Stock Exchange (DSE) to come up with an explanation on the disruption of trading at the premier bourse of the country Sunday, officials said.
Trading at the DSE had remained suspended for 2 hours and 40 minutes from 10.35 am on the day due to what the DSE called technical glitches.
The Bangladesh Securities and Exchange Commission (BSEC) asked the DSE to immediately submit a detailed report on the suspension of trading.
The trading resumed later at 1.15 pm and continued till 3.15 pm.
"I sat with the DSE management just after the suspension of Sunday's trading. The DSE trading came to a halt mainly over login problems faced by the brokers," said BSEC executive director Mohammad Saifur Rahman.
He said the securities regulator had asked the DSE authority to submit the report on an urgent basis.
The DSE said on the day they had found the individual trading servers and trader work stations of some brokerage firms detached from the main trading server of the DSE.
Then the DSE had decided to suspend the trading for the time being as the brokers had not been able to connect with the DSE server, he added.
Later the DSE management was able to overcome the login-related problems and the brokers got access to the DSE server.