The securities regulator, the management of Dhaka Stock Exchange (DSE), stock brokers and market traders expressed mixed opinion regarding the technical glitches occurred several times on the premier bourse.
The DSE management said technical glitches occur more or less on all stock exchanges across the world although the glitches are not expected.
The trading on the premier bourse began after one-and-half hour on Sunday because of technical glitch occurred for 'infrastructure' problems.
Besides, the premier bourse also failed to start trading on scheduled time on another three days this year.
Some of the market traders blamed the non-appointment of chief technology officer (CTO) whose post remained vacant for around last two years.
DSE managing director Dr. Swapan Kumar Bala said their trading software has an auto monitoring system.
"Trading system is relocated if one server fails to run the system. On Sunday trading was affected as it took time for relocation of the system," Mr Bala said.
He said DSE has shortlisted a group of candidates to appoint the CTO.
"We hope the CTO is likely to be appointed shortly as per the board's decision," Mr Bala added.
"Disruption of trading takes place in many developed stock exchanges of the world. But we are trying to make the software trading-friendly identifying the problems," said a DSE official.
Mohammad Saifur Rahman, a BSEC executive director and spokesperson, told the FE that the regulator asked the premier bourse repeatedly to give intensive concentration to avoid technical glitches.
"After the previous technical glitches, we asked the DSE to solve problems by contacting the trading software provider. We will look into the matter of the technical glitches occurred repeatedly on the premier bourse," said Mr Rahman.
Ahasanul Islam, the president of DSE Brokers Association of Bangladesh, said problems are created in front line of the trading software.
"There is no problem in main trading engine. Brokers earlier had individual risk management system. Presently, problems are created as trading software is centrally routing the orders of around 250 brokers at a time," Islam said.
He said the risk management system should be open for all through API (Application Program Interface).
A trader of a leading brokerage firm said on condition of anonymity that there is no technical problem in brokers' end.
"We have doubt about the standards of the trading software installed on DSE. We think during the launching of the software the exchange authority was not conscious about the problems that may arise in future," the trader said.
He said the post of the chief technology officer has remained vacant for a long time.
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