Trading platform to be replaced

The securities regulator has given its consent on the purchase of trading platform from two vendors--NASDAC OMX and FlexTrade, in a bid to replace the existing trading platform of the premier bourse, officials said.

In this regard, Dhaka Stock Exchange (DSE) is set to sign a contract with the two vendors today (Friday).

The officials said the DSE board Wednesday finalised the decision of signing contracts with the vendors after getting green signal from the securities regulator.    

Meanwhile, the DSE Thursday said the Nordic Growth Market (NGM), another Swedish vendor, did not pass the broad criteria to be included in the vendors' short-list by the external expert committee to participate the DSE software automation process.

The DSE clarification comes after the NGM recently filed a complaint with the Bangladesh Securities and Exchange Commission (BSEC) seeking clarity in selecting vendors for the DSE's software automation process.

The securities regulator later sought documents from the premier bourse on the purchase of new trading software.

In response, the premier bourse sent the documents to the regulator.