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.