CSE starts road show to popularise ITS
Sunday, 23 May 2010
Kayes M Sohel from Sylhet
The Chittagong Stock Exchange (CSE) began road show from Sylhet Saturday to make internet-based trading popular among local investors and non-resident Bangladeshis (NRBs).
CSE investors have been reluctant to use internet trading service (ITS) due to ignorance about the advantage of the service even after five years of its introduction.
As part of the CSE's efforts for making the ITS trading popular across the country and among the NRBs, it will also organise road show in the major cities, including Rajshahi, Barisal and Comilla.
"We started our road show from Sylhet, as the district is very important from economic point of view," said CSE president Fakhor Uddin Ali Ahmed.
"A large number of people of this district live abroad. So, ITS trading facility will help them to trade from anywhere of the world." ITS trading will facilitate the local investors and NRBs to trade in an easier way, he added.
More than 250 investors have registered themselves for using the ITS in CSE. The bourse, so far, has allowed 21 brokerage houses, out of a total member of 135, to offer ITS to their clients. ITS was launched in 2005, but during the last five years the bourse could not attract investors towards using the facility.
Dhaka Stock Exchange (DSE), the prime bourse of the country, also plans to introduce ITS within this year.
"Registered investors can trade from any place anytime with the system, and they need not go to brokerage houses physically for trading," said MA Mamun, CSE chief executive officer.
"It is difficult for many investors to go physically to the brokerage houses, as they remain busy with their regular work schedule, and ITS is a perfect solution for them."
The main advantage of the system is that investors can execute their decisions themselves. An investor can place his or her order even at midnight, and it would be executed immediately, he also said.
The whole system is very user-friendly, and if the investors become aware of it, the trade volume and value of the exchange will increase manifold. The CSE has taken steps to make the system popular among regular investors, he added.
The average log-in of ITS users is around 200 with average trade value at Tk 4.0-5.0 million everyday.
"We want to shift 20 per cent of the total investors to ITS in two years, and 50 per cent in seven years. With proper marketing campaign, it can be achievable," Mamun hoped.
The Chittagong Stock Exchange (CSE) began road show from Sylhet Saturday to make internet-based trading popular among local investors and non-resident Bangladeshis (NRBs).
CSE investors have been reluctant to use internet trading service (ITS) due to ignorance about the advantage of the service even after five years of its introduction.
As part of the CSE's efforts for making the ITS trading popular across the country and among the NRBs, it will also organise road show in the major cities, including Rajshahi, Barisal and Comilla.
"We started our road show from Sylhet, as the district is very important from economic point of view," said CSE president Fakhor Uddin Ali Ahmed.
"A large number of people of this district live abroad. So, ITS trading facility will help them to trade from anywhere of the world." ITS trading will facilitate the local investors and NRBs to trade in an easier way, he added.
More than 250 investors have registered themselves for using the ITS in CSE. The bourse, so far, has allowed 21 brokerage houses, out of a total member of 135, to offer ITS to their clients. ITS was launched in 2005, but during the last five years the bourse could not attract investors towards using the facility.
Dhaka Stock Exchange (DSE), the prime bourse of the country, also plans to introduce ITS within this year.
"Registered investors can trade from any place anytime with the system, and they need not go to brokerage houses physically for trading," said MA Mamun, CSE chief executive officer.
"It is difficult for many investors to go physically to the brokerage houses, as they remain busy with their regular work schedule, and ITS is a perfect solution for them."
The main advantage of the system is that investors can execute their decisions themselves. An investor can place his or her order even at midnight, and it would be executed immediately, he also said.
The whole system is very user-friendly, and if the investors become aware of it, the trade volume and value of the exchange will increase manifold. The CSE has taken steps to make the system popular among regular investors, he added.
The average log-in of ITS users is around 200 with average trade value at Tk 4.0-5.0 million everyday.
"We want to shift 20 per cent of the total investors to ITS in two years, and 50 per cent in seven years. With proper marketing campaign, it can be achievable," Mamun hoped.