DSE launches new automated system

Dhaka Stock Exchange (DSE) today (Thursday) went live with its new automated trading system, incorporating DSE X-Stream INET Matching Engine powered by NASDAQ technology. Deployment of ‘DSE-FlexTP’ will enhance the Exchange’s technological capability, improve transparency and offer one of the lowest matching engine latency available anywhere in the world today.The new system will support Dhaka Stock Exchange’s plans to introduce new asset classes, support its market expansion programme and will, over time, propel Dhaka Stock Exchange to a leading position in the multi-asset regional marketplace. Addressing the event, Managing Director, DSE, Professor Swapan Kumar Bala, FCMA said “Our new trading system transforms the ability of our exchange to better serve the business requirements of financial intermediaries both local and international. A very challenging timetable was successfully achieved by the dedicated work of our management, our officers, our advisor and our technology partners. The new system will have multi asset class capabilities on a multi platform offering and we anticipate making further announcements in this regard over the coming months. DSE is now proud to offer a world class trading platform for issuer and investor intermediation”. Managing Director, NASDAQ, Robert Fröjd, said: NASDAQ is proud to have been selected as the new trading technology that will power a key economic trading resource in the South Asia region and for the Bangladeshi economy. We are dedicated to a long-term partnership with the Dhaka Stock Exchange as they become a key part of the financial economy, improving the future of our capital markets on a global level,"according to a statement.