DSE working to double IT capacity, says its president
Tuesday, 9 June 2009
FE Report
The Dhaka Stock Exchange (DSE) is working to double its automated trading capacity from the existing level to ensure uninterrupted transaction of shares.
Currently, the prime bourse has the capacity to handle 0.25 million trades per day and it witnessed over 0.15 million trades on Sunday when the turnover reached an all time peak of Tk 7.81 billion.
"Despite having sufficient IT backup, we are making our utmost efforts to double our automated trading capacity soon," said DSE president Rakibur Rahman in a views exchange meeting with newsmen at the DSE board room Monday.
Against the backdrop of continued rise of trade volume in recent days, steps have been taken to increase capacity of electronic share settlement as extra precautionary measures, he added.
"The upgradation is a continuous process and it is taken into serious consideration in the backdrop of the present growth of the market," said the DSE president.
Calling upon the government to raise fund from the stock market in implementing big projects like bridge, setting up power plants and flyover, he said, "The stock market is ready to provide Tk 200 billion in next five years."
The DSE has introduced automated trading system on 10 August, 1998 with initial capacity of 15,000 trades per day that was established with TANDEM NonStop K2204 mainframe server.
In 2005, the system was upgraded with enhancing capacity of 50000 trades per day, which was run with HP NonStop S7802 mainframe server (running with 2 process).
And it further upgraded in 2007 with the capacity of around 0.10 million trades per day. The existing DSE ATS running on the HP NonStop S7804 mainframe server (running with four process).
The latest up-gradation became effective on March 27, 2008.
The DSE's trading volumes have grown exponentially in the last 3-5 years and averaging about 130,000-140,000 trades per day.
It now gets network service from 5 network service providers (NSPs). They are X-Net Ltd, DhakaCom Ltd, Royal Green Online Ltd, Ranks ITT and Link3 Technologies Ltd.
The Dhaka Stock Exchange (DSE) is working to double its automated trading capacity from the existing level to ensure uninterrupted transaction of shares.
Currently, the prime bourse has the capacity to handle 0.25 million trades per day and it witnessed over 0.15 million trades on Sunday when the turnover reached an all time peak of Tk 7.81 billion.
"Despite having sufficient IT backup, we are making our utmost efforts to double our automated trading capacity soon," said DSE president Rakibur Rahman in a views exchange meeting with newsmen at the DSE board room Monday.
Against the backdrop of continued rise of trade volume in recent days, steps have been taken to increase capacity of electronic share settlement as extra precautionary measures, he added.
"The upgradation is a continuous process and it is taken into serious consideration in the backdrop of the present growth of the market," said the DSE president.
Calling upon the government to raise fund from the stock market in implementing big projects like bridge, setting up power plants and flyover, he said, "The stock market is ready to provide Tk 200 billion in next five years."
The DSE has introduced automated trading system on 10 August, 1998 with initial capacity of 15,000 trades per day that was established with TANDEM NonStop K2204 mainframe server.
In 2005, the system was upgraded with enhancing capacity of 50000 trades per day, which was run with HP NonStop S7802 mainframe server (running with 2 process).
And it further upgraded in 2007 with the capacity of around 0.10 million trades per day. The existing DSE ATS running on the HP NonStop S7804 mainframe server (running with four process).
The latest up-gradation became effective on March 27, 2008.
The DSE's trading volumes have grown exponentially in the last 3-5 years and averaging about 130,000-140,000 trades per day.
It now gets network service from 5 network service providers (NSPs). They are X-Net Ltd, DhakaCom Ltd, Royal Green Online Ltd, Ranks ITT and Link3 Technologies Ltd.