Dhaka, Bangladesh (BBN)- Chittagong Stock Exchange (CSE) has signed a deal with Millennium IT Software Limited and Polaris Software Lab Limited for implementing its Next Generation Web Based Trading System (NGTS).

CSE President Fakhor Uddin Ali Ahmed said their new trading system is the world’s fastest order processing system that has been successfully implemented in “Turquoise” and LondonStock Exchange.

“It’s a journey towards new heights,” the CSE president said at his speech delivered at the contract signing ceremony on Sunday.

The NGTS has multi-channel order submission system with real time risk management system, which enables brokers and their clients to trade with maximum flexibility from anywhere using internet and mobile phones.

Millennium IT, founded in 1996 and based in Sri Lanka, is a subsidiary wholly owned by London Stock Exchange Group and a premier technology solutions provider, which is serving the global capital market industry.

The Millennium IT will implement the CSE NGTS project in association with its sub-contractor Polaris Software Lab Limited.

BBN/SISSr-29Nov10-12:56 am (BST)