Dhaka, Bangladesh (BBN)-The Chittagong Stock Exchange (CSE) will organise a two-day fair on stock trading through internet in the end of next month to make internet trading popular among the investors.
The managing director of the CSE, Syed Sajid Husain, disclosed this at a press briefing at the bourse’s Dhaka office on Monday.
The title of the fair is “Internet Trading Fair”, said Husain in the briefing organised in line with its plan to hold regular briefings on every first and third Monday of each month.
He said the internet trading system (ITS) yet to get popularity among the investors though the CSE launched the service in 2004.
Mock transactions through the bourse’s ITS will be showed to the investors at the fair.
“Now-a-days, most of the investors have smart phone. One can trade from his home or wherever he is with smart mobile phone, laptop, IPAD or computer,” he said.
He said that stalls will be also be kept in the ITS fair for the CSE TREC (trading right entitlement certificate) holders, different IT firms and financial institutions.
About the strategic partners of the demutualised stock exchange, he said they are still looking for potential strategic partners for the bourse, mostly overseas, in line with the demutualisation scheme.
Sajid informed that the CSE is also working for introduction of three index – CSE benchmark index, CSE IPO Index and Shariah index – as part of their business plan.
“We are in talks with the National Stock Exchange (NSE) of India and a team of it will make a presentation on the indices at the securities regulator by the end of this month,” he said.
Replying to queries, he said although the stock exchanges are considered as primary regulators, they cannot take actions against irregularities especially in the case of listing due to limitations in rules and regulations.
Sajid said that they have already sent a proposal to the securities regulator for changing the existing listing regulations and it is now under consideration of BSEC.
The modifications will allow the bourse to take actions issuer companies or auditors or the issue managers, he said.
He stressed the need of investors’ education for the sake of minimising their investment risks. He urged the government to include the stock market related issue in the text book.
The asset management companies should also organise awareness programme for creating demand and making popular mutual funds among the investors, he said.
BBN/BB/ANS-15Sept14-7:50pm (BST)