Dhaka Inventory Trade Extends Expertise Partnership with Nasdaq

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NEW YORK and DHAKA, Bangladesh, Jan. 02, 2023 (GLOBE NEWSWIRE) — Dhaka Inventory Trade (DSE) and Nasdaq (Nasdaq: NDAQ) in the present day introduced the extension of their partnership the place Nasdaq offers DSE with buying and selling expertise. The settlement consists of an improve of Nasdaq´s X-stream INET expertise with a purpose to accommodate the growing buying and selling exercise of the change with maintained market resiliency and investor integrity.

Throughout 2022, DSE efficiently launched a brand new Different Buying and selling Board – ATB – and an SME market. DSE in the present day have over 300 brokering intermediaries and processes round 400,000 fairness trades per day in its 650+ listed securities with a mixed market cap of round 73 billion USD. To facilitate the subsequent stage of its enlargement, the improve of its buying and selling system can be an integral half.

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“Since our business relationship with Nasdaq was established in 2014, DSE has continued to evolve in keeping with our ambition to grow to be the main change within the area and a key driver of development for the broader financial system,” stated M. Shaifur Rahman Mazumdar, Performing MD of DSE. “By additional investing in Nasdaq´s world-class expertise we’re assured that we are going to be stand even higher outfitted to additional empower buyers seeking to implement subtle buying and selling methods and entrepreneurs seeking to increase capital with a purpose to develop their firms and create jobs.”

“Nasdaq is proud to have been trusted with deepening our already sturdy expertise partnership with DSE,” stated Virginie Barbot, Managing Director for Market Expertise, Southeast Asia and Pacific at Nasdaq. “By leveraging Nasdaq´s strong and versatile expertise options, DSE will be capable to proceed rising its monetary footprint in South Asia whereas guaranteeing investor safety, entry to capital for firms within the area in addition to thrilling alternatives for each native and world buyers. We look ahead to taking this subsequent step in our joint journey in constructing a world-class monetary market that may proceed to learn the area, the Bangladeshi financial system and world monetary markets.”

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Nasdaq’s end-to-end market expertise powers greater than 2,300 firms in 50 nations, spanning the world’s monetary business, together with capital markets infrastructure operators, market contributors, banks, and regulators.

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Nasdaq (Nasdaq: NDAQ) is a world expertise firm serving the capital markets and different industries. Our various providing of knowledge, analytics, software program, and providers permits shoppers to optimize and execute their enterprise imaginative and prescient with confidence. To be taught extra concerning the firm, expertise options and profession alternatives, go to us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

About Dhaka Inventory Trade

Dhaka Inventory Trade Restricted (DSE) is the principle and largest inventory change of Bangladesh. The Dhaka Inventory Trade has over 650 listed securities with a mixed market capitalization of round US $ 73 billion. Dhaka Inventory Trade began operation in 1956 and the foremost features of DSE are Itemizing of securities, Settlement of buying and selling, granting approval to the transaction/switch of share outdoors the buying and selling system of the change, Market Administration & Management, Market Surveillance, Monitoring the actions of listed firms and so on. To be taught extra go to www.dse.com.bd.

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