The Central Order Management System (OMS) of the Dhaka Stock Exchange has certain feature structures. It is same for all users. A broker can ensure value added services to its investors at their own convenience through a broker hosted order management system (OMS). We need to develop a skilled workforce for the use of new technologies. If the brokerage houses gradually launch their own OMS through API connectivity, the quality of customer service will improve further. Which will play an important role in the development of the capital market.
On Sunday (February 18), Deputy General Manager of Market Development Division, Syed Mahmood Zubair, at the DSE Training Academy, DSE Managing Director Dr. ATM Tarikuzzaman CPA said these things. DSE Chief Financial Officer Sawik Ahmed Shah, Chief Regulatory Officer Khairul Basar Abu Taher Mohammad, General Manager Md. Shamiul Islam and Deputy General Manager of ICT Division Hasanul Karim, Group CFO of Doreen Capital. Mehdi Hasan FCA, Chairman of Innova Securities Farid Ahmed Bhuiya, Chairman of Island Securities Mohammad Mohiuddin Ahmed FCMA and Deputy Managing Director of Mica Securities Wasif Zaman.
Dr. Tarikuzzaman also said that the use of digital technology for the overall development of the capital market is our special commitment in keeping with the conviction of building ‘Smart Bangladesh’ after the implementation of Digital Bangladesh by Prime Minister Sheikh Hasina. With that aim, the country’s capital market will be developed from a digital capital market to a smart capital market. We have always felt that if the stock market is to achieve its primary goals, there is no alternative to advanced digitalization. We have been giving importance to this issue since the beginning. This issue of fix certification will take us a long way and develop an efficient capital market.
Before that, the general manager of the market development division. Shamiul Islam in his welcome speech said that this is the first time a new trackholder is going to conduct trade through its own OMS, which is very promising. Dhaka Stock Exchange took the initiative to launch API VOC BHOMS from 2021. In view of this, 52 brokerage houses applied to DSE to transact through its own order management system with API connectivity to Nasdaq Matching Engine. Already 9 brokerage houses have received FIX certification and 6 broker houses have started trading through their own order management system.
Dhaka Stock Exchange Chief Operating Officer (Acting) and Chief Financial Officer Sattiq Ahmed Shah said, today’s formal recognition of the fixed certification of these four broker houses is not only the issuance of certificates; Rather, it symbolizes a relentless commitment to excellence, innovation, and the relentless pursuit of staying ahead in an evolving market landscape.
Also read: African countries have huge potential for trade
He also said, let us play a role in cooperation, innovation and technology development to expand the capital market of Bangladesh. Dhaka Stock Exchange is always committed to providing state-of-the-art technology and a conducive environment for the development of all market participants.
Senior officials of brokerage houses who have received FIX certification also spoke. Later, the managing director of DSE. Group CFO of Dorin Capital received the certificate from ATM Tarikuzzaman CPA. Mehdi Hasan FCA, Chairman of Innova Securities Farid Ahmed Bhuiya, Chairman of Island Securities Mohammad Mohiuddin Ahmed FCMA and Deputy Managing Director of Mica Securities Wasif Zaman.
Finally, DSE’s Chief Regulatory Officer Khairul Bashar Abu Taher Mohammad assured all kinds of cooperation in regulatory matters in the closing speech.