Nasdaq and the Dhaka Stock Exchange recently announced the expansion of their collaboration, via which Nasdaq would supply trading technology to the DSE. The agreement calls for an update to Nasdaq's X-stream INET technology in order to handle the exchange's rising trading volume while maintaining investor and market integrity.
DSE successfully introduced a SME market and a new Alternative Trading Board (ATB) in 2022. A total of 400,000 stock trades are processed daily on the DSE's 650+ listed securities, which have a market value of roughly 73 billion USD and over 300 brokering intermediaries. Upgrades to its trading system will be essential to enabling the next phase of its growth.
“Since our commercial relationship with Nasdaq was established in 2014, DSE has continued to evolve in line with our ambition to become the leading exchange in the region and a key driver of growth for the broader economy,” said M. Shaifur Rahman Mazumdar, Acting MD of DSE. “By further investing in Nasdaq´s world-class technology we are confident that we will be stand even better equipped to further empower investors looking to implement sophisticated trading strategies and entrepreneurs looking to raise capital in order to grow their companies and create jobs.”
“Nasdaq is proud to have been trusted with deepening our already strong technology partnership with DSE,” said Virginie 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 continue growing its financial footprint in South Asia while ensuring investor protection, access to capital for companies in the region as well as exciting opportunities for both local and global investors. We look forward to taking this next step in our joint journey in building a world-class financial market that will continue to benefit the region, the Bangladeshi economy and global financial markets.”
More than 2,300 businesses, including operators of the capital markets infrastructure, market players, banks, and regulators, are supported by Nasdaq's end-to-end market technology across 50 nations