Dhaka Stock Exchange Renews Technology Partnership With

NEW YORK and DHAKA, Bangladesh, Jan. 2, 2023 (GLOBE NEWSWIRE) — Dhaka Stock Exchange (DSE) and Nasdaq (Nasdaq: NDAQ) today announced the extension of their partnership with Nasdaq providing DSE with trading technology. The agreement includes an upgrade of Nasdaq’s X-stream INET technology to accommodate the exchange’s increasing trading activity while maintaining market resilience and investor integrity.

During 2022, DSE has successfully launched a new Alternative Trading Board – ATB – and an SME market. Today, DSE has more than 300 brokers and processes approximately 400,000 equity transactions per day in more than 650 publicly traded securities with a combined market capitalization of approximately USD 73 billion. To facilitate the next phase of its expansion, the upgrade of its trading system will be an integral part.

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 growth driver for the wider economy, said M. Shaifur Rahman Mazumdar, Acting MD of DSE. By continuing to invest in Nasdaq’s world-class technology, we believe we will be even better equipped to further empower investors seeking to implement advanced trading strategies and entrepreneurs seeking to raise capital to grow their businesses and create jobs.

Nasdaq is proud to have been entrusted to deepen our already strong technology partnership with DSE Virginia Barbot, Managing Director for Marketplace Technology, Southeast Asia and Pacific at Nasdaq. Leveraging Nasdaq’s robust and flexible technology solutions, DSE will be able to further expand its financial footprint in South Asia while providing investor protection, access to capital for companies in the region, and exciting opportunities for both local and global investors to ensure. We look forward to taking this next step in our joint journey 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 marketplace technology powers more than 2,300 companies in 50 countries around the world, including capital markets infrastructure managers, market participants, banks and regulators.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. Visit us on LinkedIn, on Twitter @Nasdaq or at www.nasdaq.com to learn more about the company, technology solutions and career opportunities.

About Dhaka Stock Exchange

Dhaka Stock Exchange Limited (DSE) is the most important and largest stock exchange in Bangladesh. The Dhaka Stock Exchange has more than 650 listed securities with a combined market capitalization of approximately US$73 billion. Dhaka Stock Exchange started in 1956 and the main functions of DSE are listing of securities, settlement of trades, authorizing the transaction/transfer of shares outside the trading system of the exchange, market management and control, market supervision, supervision of the activities of listed companies, etc. For more information, visit www.dse.com.bd.

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