NEW YORK & DHAKA, Bangladesh, Jan. 2, 2023 (GLOBE NEWSWIRE) — The Dhaka Stock Exchange (DSE) and Nasdaq (NASDAQ: NDAQ ) today announced an expanded Starkey provides trading technology to DSE. The agreement includes upgrading Nasdaq’s X-stream INET technology to accommodate the exchange’s increased trading activity while maintaining market resiliency and investor integrity.
During 2022, DSE successfully launched the new Alternative Trading Board – ATB – and SME Market. Today, the DSE has more than 300 brokerage intermediaries that process approximately 400,000 stock trades per day in more than 650 of its listed securities, with a combined market capitalization of approximately $73 billion. In order to facilitate its next phase of expansion, the upgrade of its trading system will be an integral part.
“Since we established a commercial relationship with Nasdaq in 2014, the DSE has grown in line with our ambition to be the region’s leading exchange and a key driver of growth in the wider economy,” M. Shaifur Rahman Mazumdar, Acting Managing Director of DSE. “By further investing in Nasdaq’s world-class technology, we believe we will be better able to support investors looking to implement complex trading strategies and entrepreneurs looking to raise capital to grow their companies and create jobs.”
“Nasdaq is proud to deepen our already strong technology partnership with DSE,” he said. Virginia Barbot, Managing Director of Nasdaq Southeast Asia and Pacific Market Technology. “By leveraging Nasdaq’s powerful and flexible technology solutions, DSE will be able to continue expanding 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. opportunity. We look forward to taking the next step in our journey together to build a world-class financial market that will continue to benefit the region, the Bangladeshi economy and global financial markets.”
Nasdaq’s end-to-end market technology supports more than 2,300 companies in 50 countries across 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 capital markets and other industries. We provide a diverse set of data, analytics, software and services that 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, Twitter @Nasdaq or www.nasdaq.com.
About Dhaka Stock Exchange
Dhaka Stock Exchange Limited (DSE) is the principal and largest stock exchange in Bangladesh. The Dhaka Stock Exchange has more than 650 listed securities with a total market capitalization of approximately US$73 billion. The Dhaka Stock Exchange started operations in 1956, and the main functions of the DSE are securities listing, transaction settlement, approval of transactions/share transfers outside the exchange trading system, market management and control, market surveillance, monitoring activities of listed companies, etc. To learn more, visit www.dse.com.bd.
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