NEW YORK and DHAKA, Bangladesh, Jan. 02, 2023 (GLOBE NEWSWIRE) — Dhaka Stock Exchange (DSE) and Nasdaq (Nasdaq: NDAQ) today announced the extension of their partnership, with Nasdaq providing trading technology to DSE. The agreement includes an upgrade of Nasdaq’s X-stream INET technology to accommodate the exchange’s increased trading activity while maintaining market stability and investor integrity.
In 2022, DSE successfully launched a new Alternative Trading Board – ATB – and an SME market. DSE today has more than 300 brokerage agents and executes approximately 400,000 stock trades daily across its more than 650 publicly traded securities with a combined market capitalization of approximately $73 billion. To facilitate the next stage of his expansion, upgrading his trading system will be an essential part.
“Since we began our relationship with Nasdaq in 2014, DSE has evolved in line with our ambition to become the premier exchange in the region and a major growth driver for the broader economy,” he said M. Shaifur Rahman Mazumdar, Acting Managing Director of DSE. “By continuing to invest in Nasdaq’s world-class technology, we are confident that we will be even better equipped to further empower investors looking to execute sophisticated trading strategies and entrepreneurs looking to raise capital to grow their businesses and jobs to accomplish.”
“Nasdaq is proud to have been trusted to deepen our already strong technology partnership with DSE,” he said Virginia Barbot, Managing Director for Marketplace Technology, Southeast Asia and Pacific at Nasdaq. “By leveraging Nasdaq’s robust and flexible technology solutions, DSE will be able to further expand its financial footprint in South Asia while ensuring investor protection, access to capital for companies in the region, and exciting opportunities for local and global investors. We look forward to taking this next step on our collective journey to building a world-class financial marketplace that will continue to benefit the region, Bangladesh’s economy and global financial markets.”
Nasdaq’s end-to-end market technology supports more than 2,300 companies in 50 countries from the global financial industry, including capital market infrastructure operators, market participants, banks and regulators.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse range of data, analytics, software and services enable clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq or at www.nasdaq.com.
About the Dhaka Stock Exchange
Dhaka Stock Exchange Limited (DSE) is the main and largest stock exchange of Bangladesh. The Dhaka Stock Exchange has over 650 listed securities with a combined market capitalization of approximately US$73 billion. The Dhaka Stock Exchange began operating in 1956 and the main functions of the DSE are the listing of securities, settlement of trades, granting approval for the transaction/transfer of shares outside the exchange’s trading system, market administration and control, market surveillance and surveillance the activities of listed companies, etc. To learn more, visit www.dse.com.bd.
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