Dhaka, Bangladesh (BBN)-Stock brokers and dealers have urged the management of Dhaka Stock Exchange (DSE) to take initiative with the securities regulator so that the central bank does not conduct unnecessary monitoring over their activities.
They expressed their concern Monday at a meeting arranged to discuss the launching of new automated trading system.
“Stock brokers and dealers who are compliant also feel pressure due to day to day monitoring of central bank. That’s why the brokers have proposed a discussion with central bank for the sake of reducing panic in the capital market,” said a DSE director who attended the meeting.
DSE chairman Justice Siddiqur Rahman Miah presided over the meeting held with top 30 broker-dealers.
DSE managing director Swapan Kumar Bala was also present at the meeting.
At the meeting the participants talked about their preparation and possible problems regarding launching the new trading system which will go live on December 11 this year.
Brokers have also sought quota in the IPO (initial public offering) like that of Asset Management Companies (AMCs).
Among others, representative of LanakBangla Securities, ICB Securities, AIBL Capital, BRAC EPL Stock Brokerage, IDLC Securities, City Brokerage, MTB Securities, EBL Securities, Shahjalal Islami Bank Securities, Royal Capital and Vision Capital were present at the meeting.
BBN/BB/ANS-24Nov14-10:00pm ()
