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DSE signs agreement with Nasdaq OMX
24 March 2014
Dhaka Stock Exchange to use X-stream INET
Dhaka Stock Exchange (DSE) and Nasdaq OMX have signed an
agreement for the latter to deliver its trading technology,
X-stream INET as the exchange company looks to expand its
business regionally and globally.
Robert Fröjd, managing director and regional manager south
Asia, southeast Asia and Pacific, Nasdaq OMX said, "We look
forward to a long and successful relationship with Dhaka Stock
Exchange and supporting its business development plans in this
fast growing and dynamic part of the world."
To meet increasing investor activity in Bangladesh, DSE (which
has 250 brokering intermediaries, around four million CSD
investor accounts and processes around 400,000 equity trades
per day) is embarking upon its next stage of development, of
which upgrading the trading system is an integral part.
Prior to selecting Nasdaq OMX, the DSE leadership led a
comprehensive and rigorous process of consultation of all
stakeholders including presentations to the broking community
and the Bangladesh Securities and Exchange Commission.
Nasdaq OMX's exchange technology - including trading, clearing,
CSD and market surveillance systems - is in operation in more
than 80 marketplaces across the US, Europe, Asia, Australia,
Africa and the Middle East.