The Dhaka bourse will introduce electronic trading (e-trading) in the stock market in July, in a move to create a virtual marketplace for share transactions.
With the e-trading system in place, stock investors will not have to place buy or sell orders with traders, rather the investors will be able to do it direct from any location after logging into the trading web server using secret passwords.
“We have been working for the last 10 years on e-trading,” said Ahsanul Islam, senior vice-president of Dhaka Stock Exchange. “Electronic trading will enable investors to trade from home. They won't have to be present at any brokerage house,” he said.
“It will also ensure transparency in share transactions,” Islam said. “It's a shift from electronic transaction to electronic trading.”
The investors can also see the financial statement of their portfolios at any time from anywhere, he added.
Presently, the DSE uses “TESA Trading Software (Client Part) MSA” system for share transaction electronically, and it is now working on the MSA-Plus system for electronic trading.
Prior to the commencement of the e-trading, the premier bourse yesterday launched a training workshop on the e-trading system for authorised representatives of the DSE stockbrokers.
Prof M Khairul Hossain, chairman of the Securities and Exchange Commission, inaugurated the training programme at Bangladesh Institute of Capital Market.
With the e-trading system in place, stock investors will not have to place buy or sell orders with traders, rather the investors will be able to do it direct from any location after logging into the trading web server using secret passwords.
“We have been working for the last 10 years on e-trading,” said Ahsanul Islam, senior vice-president of Dhaka Stock Exchange. “Electronic trading will enable investors to trade from home. They won't have to be present at any brokerage house,” he said.
“It will also ensure transparency in share transactions,” Islam said. “It's a shift from electronic transaction to electronic trading.”
The investors can also see the financial statement of their portfolios at any time from anywhere, he added.
Presently, the DSE uses “TESA Trading Software (Client Part) MSA” system for share transaction electronically, and it is now working on the MSA-Plus system for electronic trading.
Prior to the commencement of the e-trading, the premier bourse yesterday launched a training workshop on the e-trading system for authorised representatives of the DSE stockbrokers.
Prof M Khairul Hossain, chairman of the Securities and Exchange Commission, inaugurated the training programme at Bangladesh Institute of Capital Market.