Dhaka Stock Exchange (DSE) is going to introduce a new automated trading system from Thursday.
The new procedure will accelerate share transactions and ensure more transparency in the trading procedures, DSE Chief Executive Officer Professor Dr Swapan Kumar Bala told a pre-launch press briefing on Wednesday.
State Minister for Finance and Planning MA Mannan will launch the new generation of trading system namely "Go Live" at a programme at the Sonargaon Hotel in the capital.
Among others, Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Dr M Khairul Hossain, DSE Chairman Justice Siddiqur Rahman Mia, Executive Vice President of Nasdaq Lars Ottergard and Chief Executive Officer of online division of Flextrade Jean-Michel Blanco will attend the launching ceremony.
Nasdaq and Flextrade developed the new trading system, which will offer online trading of shares at the investors' convenience besides ensuring secure and transparent share transactions.
After the introduction of the new trading system, the investors will also get trading access to the DSE by using individual passwords provided by brokerage houses concerned from anywhere in the country and across the globe through the internet.
There will be no lot in share trading as the lot size of all listed securities will be converted into single share/unit after launching of the new trading system.
The new system will have a board named "DEBT" for transaction of corporate bonds and treasury bonds. All transactions of bonds will be settled on the spot.
The DSE CEO, however, said that the full automated system would be operative in phases after successful run of its first phase, beginning on Thursday.
