Express (July 21, 2011)
Dhaka Stock Exchange (DSE) has launched Internet-based mock online trading to ensuring whether the software works glitch-free or not.
President of the DSE Shakil Rizvi formally launched the mock trading Wednesday. Senior officials of the bourse were also present on the occasion.
"We started mock online trading to make the investors familiar with the process and to test whether the operating system works glitch-free or not," said Mr Rizvi.
"After 21 trial sessions, we will discuss the issue with the stakeholders and take final decision to fully start the online-based trading system in an effort to woo millions of new investors and facilitate faster transaction," Mr Rizvi mentioned.
He said the DSE with a market-capitalisation of over US$30 billion and 3.0 million beneficiary owner (BO) accountholders needs faster web-based trading platform to facilitate share transaction and to woo more investors.
With the launching of the web-based trading, an investor will be able to buy or sell his/her stocks by placing orders online to a brokerage firm. He/she will also be able to see his/her transaction instantly on his/her computer screen after the order is executed by the brokerage's server, he described.
Mr Rizvi said at the inaugural day, 70 brokerage houses logged-in and gradually all houses will come under the mock online trading.
'After completing mock trading successfully, we will start full online trading at the DSE as soon as possible," the DSE boss expressed the hope.
The new Internet-based trading software MSA-plus (Member's Server Application) will pave the way for online trading from different platforms, another DSE official said.
After the installation of MSA-plus software, the investors will get trading access to the DSE by using individual password provided by brokerage house concerned from anywhere in the country and across the globe through the Internet, he added.
No comments:
Post a Comment