Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) is going to introduce state-of-the-art surveillance software in the next three months, which would enable the bourse to faultlessly identify manipulative stock trading.
The DSE has signed an agreement with Trapets AB of Sweden and its local partner CIBL Technology Consultants to develop and install the surveillance software by February of next year.
Musharraf M Hussain, chief executive of DSE, Gunnar Wexell, chairman of the board of Trapets AB, and Muhammad Mohbub Hussain, managing director of CIBL, signed the deal on behalf of their organizations on Sunday.
The key feature of the new software will be the automatic alert system for abnormal buy or sell positions taken by the investors, the DSE officials said, adding that the present software's alert function is very weak and the surveillance team often ends up doing it manually.
BBN/SSR/AD-19Nov12-1:20 pm (BST)
