The Dhaka Stock Exchange (DSE) has gone live with the fully integrated Nasdaq X-stream INET technology, augmenting the exchange’s technological capabilities, whilst fostering greater market resiliency.
The DSE is hardly the first exchange to recognize and partner with Nasdaq over its X-stream technology. In September, the EGX extended its trading agreement with Nasdaq’s OMX X-stream to 2020.
In addition, the new integration of Nasdaq’s offering will help the DSE’s aspiration to become a multi-asset regional marketplace.
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According to Professor Swapan Kumar Bala, managing director, DSE, in a recent statement on the technology offering, “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,” added Bala.
“Nasdaq is proud to be selected as the new trading technology that will power a 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,” noted Robert Frojd, managing director and regional manager, South Asia, Southeast Asia and Pacific, Nasdaq, in an accompanying statement.