Dhaka Stock Exchange (DSE) and Nasdaq has announced that Dhaka Stock Exchange has gone live with its new trading engine powered by Nasdaq's X-stream INET technology. This refresh, operating on the most widely deployed trading platform in the world, will boost the exchange's technological capability and capacity, enhance market resiliency and support DSE's aspiration to become a multi-asset regional marketplace.
"Our new trading system, incorporating Nasdaq's X-Stream INET matching engine, transforms the ability of our exchange in its effort to better serve the business requirements of financial intermediaries both local and international. A very challenging timetable was successfully achieved by the dedicated efforts of our management, our officers, our consultant and our technology partners led by Nasdaq. The new system will have multi-asset class capabilities on a multi-platform offering - we anticipate making further announcements in this regard over the coming months. Dhaka Stock Exchange is now proud to offer a leading platform for issuer and investor intermediation," said Professor Swapan Kumar Bala, Managing Director, DSE.
"Nasdaq is proud to be selected as the new trading technology that will power an key economic trading resource in the South Asia region and for the Bangladeshi economy. We are dedicated to a long-term partnership with the Dhaka Stock Exchange as they become a key part of the financial economy, improving the future of our capital markets on a global level," said Robert Frojd, Managing Director and Regional Manager, South Asia, Southeast Asia and Pacific, Nasdaq.
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East.
