Customization of TESA trader application demanded
Sunday, 14 February 2010
Raihan M Chowdhury
Investors and users have demanded customization of the automated trading system of Dhaka Stock Exchange (DSE) to reap the full benefits of the growing turnover of the country's main bourse.
"The TESA trader application should include key market indicators like price earning (PE), net asset value (NAV) and earning per share (EPS) in its screen, so that investors remain update on the latest market trend," a member of the DSE told the FE Saturday.
According to market insiders, due to lack of such 'ready reference' on the screens of the trader workstation, the investors are being deprived of taking instant decision on the stock market transactions.
Sources in the DSE brokerage houses said that the bourse could easily upgrade the TESA trader application with a small amount of money.
DSE spent $155,254 for providing application software and $ 99,400 for hardware and system software maintenance services in 2007-2008.
The bourse spent Tk 19.88 million in 2007-08 to support the system maintenance against Tk 16.85 million of the previous year.
The heads of the cost were software maintenance, hardware maintenance, LAN, WAN and UPS, SSCL maintenance, tech valley WAN and X-net.
The software maintenance services began from November 1, 2004 though DSE installed the automated trading system in the second half of 1998.
DSE, however upgraded the system several times since 2005 wasting huge amount of money but failed to serve the investors to have a fool-proof system as the management failed to forecast the growth of the market.
The latest up-gradation became effective on March 27, 2008.
DSE's trading volumes have grown exponentially in the recent years and the average daily turnover hovers between Tk 12.00 billion to Tk 15.00 billion.
DSE is running its online trading using TESA application under Tandem HW, supplied and supported by Cambridge Solutions Ltd, India.
Investors and users have demanded customization of the automated trading system of Dhaka Stock Exchange (DSE) to reap the full benefits of the growing turnover of the country's main bourse.
"The TESA trader application should include key market indicators like price earning (PE), net asset value (NAV) and earning per share (EPS) in its screen, so that investors remain update on the latest market trend," a member of the DSE told the FE Saturday.
According to market insiders, due to lack of such 'ready reference' on the screens of the trader workstation, the investors are being deprived of taking instant decision on the stock market transactions.
Sources in the DSE brokerage houses said that the bourse could easily upgrade the TESA trader application with a small amount of money.
DSE spent $155,254 for providing application software and $ 99,400 for hardware and system software maintenance services in 2007-2008.
The bourse spent Tk 19.88 million in 2007-08 to support the system maintenance against Tk 16.85 million of the previous year.
The heads of the cost were software maintenance, hardware maintenance, LAN, WAN and UPS, SSCL maintenance, tech valley WAN and X-net.
The software maintenance services began from November 1, 2004 though DSE installed the automated trading system in the second half of 1998.
DSE, however upgraded the system several times since 2005 wasting huge amount of money but failed to serve the investors to have a fool-proof system as the management failed to forecast the growth of the market.
The latest up-gradation became effective on March 27, 2008.
DSE's trading volumes have grown exponentially in the recent years and the average daily turnover hovers between Tk 12.00 billion to Tk 15.00 billion.
DSE is running its online trading using TESA application under Tandem HW, supplied and supported by Cambridge Solutions Ltd, India.