LankaBangla Securities launches stock trading under NITA
Sunday, 3 January 2010
FE Report
LankaBangla Securities Ltd, the top broker of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) has taken a series of plans under which country's growing securities market will get further boost.
"We are going to streamline a product from today (Sunday) under which the non-resident Bangladeshis (NRBs) will be able to transact under Non-resident Investor's Taka Account (NITA)," chief executive officer (CEO) of LankaBangla Securities Ltd, Md Nasir Uddin Chowdhury told the FE in an interview.
LankaBangla Securities grabbed the top position for the fourth consecutive year on DSE and fifth consecutive year on CSE in 2009.
The brokerage house accounted for about 8.0 per cent and 13.0 per cent of the total turnover of DSE and CSE respectively in the outgoing year.The daily average transaction on DSE whopped to Tk 6.0 billion in 2009 against Tk 2.82 billion of 2008 showing a 112.76 per cent rise.
" We have taken a good number of plans for the new year which include opening of new branches, arranging road-show in big cities of the world and holding an international conference on capital market in Bangladesh," Md Nasir Uddin Chowdhury said.
The company will soon open two new branches in Narayangonj and Comilla.The company has now 7 branches.
He said with the intense growth of the company's business over the last couple of years, the commitments are focused to research-based professionalism, technology through new integrated broker software-Blue Chip & network development.
"Our mission reflects our understanding that providing service to the clients with professionalism and transparency is instrumental to sustain in the short, medium and long term," Mr Nasir said."All along, we have been continuing to serve our securities market through awareness programmes and international road shows," he added.
Commenting on the company's vision, he said: Our continuous process is to develop human resources.
This year, we will train up a dealer team on future financial products like derivatives.To ensure professional services at international standards, we have been affiliated with an international financial provider.
This year, our aim is to be attached with one of the international information service providers to provide authentic and reliable information on our capital market.
LankaBangla Securities, the first brokerage house of the country to start trading outside Dhaka is a 99.99 per cent subsidiary of LankaBangla Finance Ltd, a leading non-banking financial institution (NBFI).The company began stock trading in CSE in 1997 and DSE in 1998.
LankaBangla Securities Ltd, the top broker of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) has taken a series of plans under which country's growing securities market will get further boost.
"We are going to streamline a product from today (Sunday) under which the non-resident Bangladeshis (NRBs) will be able to transact under Non-resident Investor's Taka Account (NITA)," chief executive officer (CEO) of LankaBangla Securities Ltd, Md Nasir Uddin Chowdhury told the FE in an interview.
LankaBangla Securities grabbed the top position for the fourth consecutive year on DSE and fifth consecutive year on CSE in 2009.
The brokerage house accounted for about 8.0 per cent and 13.0 per cent of the total turnover of DSE and CSE respectively in the outgoing year.The daily average transaction on DSE whopped to Tk 6.0 billion in 2009 against Tk 2.82 billion of 2008 showing a 112.76 per cent rise.
" We have taken a good number of plans for the new year which include opening of new branches, arranging road-show in big cities of the world and holding an international conference on capital market in Bangladesh," Md Nasir Uddin Chowdhury said.
The company will soon open two new branches in Narayangonj and Comilla.The company has now 7 branches.
He said with the intense growth of the company's business over the last couple of years, the commitments are focused to research-based professionalism, technology through new integrated broker software-Blue Chip & network development.
"Our mission reflects our understanding that providing service to the clients with professionalism and transparency is instrumental to sustain in the short, medium and long term," Mr Nasir said."All along, we have been continuing to serve our securities market through awareness programmes and international road shows," he added.
Commenting on the company's vision, he said: Our continuous process is to develop human resources.
This year, we will train up a dealer team on future financial products like derivatives.To ensure professional services at international standards, we have been affiliated with an international financial provider.
This year, our aim is to be attached with one of the international information service providers to provide authentic and reliable information on our capital market.
LankaBangla Securities, the first brokerage house of the country to start trading outside Dhaka is a 99.99 per cent subsidiary of LankaBangla Finance Ltd, a leading non-banking financial institution (NBFI).The company began stock trading in CSE in 1997 and DSE in 1998.