Dhaka Stock Exchange Goes Live With New Trading Engine Powered by Nasdaq
(Thomson Reuters ONE) -
NEW YORK and DHAKA, Bangladesh, Dec. 12, 2014 (GLOBE NEWSWIRE) -- Dhaka Stock
Exchange (DSE) and Nasdaq (Nasdaq:NDAQ), today announced that the Dhaka Stock
Exchange has gone live with its new trading engine powered by Nasdaq's X-stream
INET technology. This refresh, operating on the most widely deployed trading
platform in the world, will boost the exchange's technological capability and
capacity, enhance market resiliency and support DSE's aspiration to become a
multi-asset regional marketplace.
"Our new trading system, incorporating Nasdaq's X-Stream INET matching engine,
transforms the ability of our exchange in its effort to better serve the
business requirements of financial intermediaries both local and international,"
said Professor Swapan Kumar Bala, Managing Director, DSE. "A very challenging
timetable was successfully achieved by the dedicated efforts of our management,
our officers, our consultant and our technology partners led by Nasdaq. The new
system will have multi-asset class capabilities on a multi-platform offering -
we anticipate making further announcements in this regard over the coming
months. Dhaka Stock Exchange is now proud to offer a leading platform for issuer
and investor intermediation."
The new trading technology platform is an integral part of DSE's efforts to
broaden and deepen its capital markets and increase regional and international
investor demand as one of the central sources of economic activity in the South
Asia region. DSE has 250 brokering intermediaries, around four million CSD
investor accounts and had processed around 400,000 equity trades per day.
Nasdaq's X-Stream INET equips DSE with the next generation technology needed to
attract a variety of market participants both regionally and globally. This
important capital market modernization project took an unprecedented nine months
to fruition, reflecting strong partnership and commitment of both exchanges-
Nasdaq and DSE- in excellence in delivery and execution.
"Nasdaq is proud to be selected as the new trading technology that will power an
key economic trading resource in the South Asia region and for the Bangladeshi
economy," said Robert Fröjd, Managing Director and Regional Manager, South Asia,
Southeast Asia and Pacific, Nasdaq. "We are dedicated to a long-term partnership
with the Dhaka Stock Exchange as they become a key part of the financial
economy, improving the future of our capital markets on a global level."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across USA,
Europe, Asia, Australia, Africa and Middle East.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. Nasdaq is home to more than 3,500 listed
companies with a market value of over $8.8 trillion and more than 10,000
corporate clients. To learn more, visit www.nasdaq.com/ambition or
www.nasdaqomx.com.
About Dhaka Stock Exchange:
Dhaka Stock Exchange Limited (DSE) is the main and largest stock exchange of
Bangladesh. The Dhaka Stock Exchange has over 500 listed securities with a
combined market capitalization of around US $50 billion. Dhaka Stock Exchange
started operation in 1956 and the major functions of DSE are Listing of Publicly
Traded Companies, Settlement of trading, granting approval to the
transaction/transfer of share outside the trading system of the exchange, Market
Administration & Control, Market Surveillance, Monitoring the activities of
listed companies etc. To learn more visit www.dsebd.org.
NDAQG
CONTACT: MEDIA RELATIONS CONTACT:
Nasdaq
Ryan Wells
(212) 231-5541
(646) 581-4286 (M)
Ryan.Wells(at)nasdaq.com
DSE
Nizam Uddin Ahmed
+880 1713425802
ahmed.nizam(at)dsebd.org
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
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