13 additional brokerage companies have been granted FIX certification by Dhaka Stock Exchange PLC in order to develop their own OMS via API connectivity. On Thursday (August 28), the certificates were formally presented to the brokerage house officers at the DSE Training Academy in the capital, Nikunj.
At the event, DSE Chairman Mominul Islam awarded the FIX certification. He then expressed his gratitude to the 13 brokerage businesses that were certified by FIX today. With DSE’s assistance, we are also attempting to determine how to put all brokerage firms who have not been able to obtain FIX certification because of their numerous issues up to this point under FIX certification.
He also mentioned that we are all collaborating to enhance the capital market. The beneficial effects of this collaboration are slowly becoming evident in the market. We are optimistic that the current trend of transformation will lead to sustainable growth in the capital market. It is essential for all of us to collectively take on our responsibilities for the advancement of the capital market.
The FIX certification was awarded on behalf of 13 brokerage firms, including Apex Investment Limited’s Assistant General Manager and Head of IT, Md. Abu Bakr Siddique; Bank Asia Securities Limited’s CEO, Sumon Das; EBL Securities PLC’s Chief Operating Officer, M. Shahriar Fayez; GreenDelta Securities Limited’s Head of Business, Fakhruddin Ali Ahmed Rajib; ICB Securities Trading Company Limited’s Director and CEO, Md. Mofizur Rahman; Islami Bank Securities Limited’s Managing Director, Mashiur Rahman, FCA, CIPA; NLI Securities Limited’s CEO, Moha. Shahed Imran; NRBC Bank Securities Limited’s CEO, Azizul Islam; One Securities Limited’s CEO, Aminul Islam; SBAC Bank Investment Limited’s Managing Director and CEO, SM Nasir Uddin; Shahjalal Islami Bank Securities Limited’s CEO, Bishnu Pad Kundu; Smart Share and Securities Limited’s Managing Director, Nur Mohammad; and UCB Stock Brokerage Limited’s Managing Director and CEO, Mohammad Rahmat Pasha.
Previously, the welcome address was given by DSE Chief Operating Officer and Acting Managing Director, Mohammad Asadur Rahman. UCB Stock Brokerage Limited’s Managing Director and CEO, Mohammad Rahmat Pasha, also spoke at the event. The closing remarks were made by DSE Chief Technology Officer, Dr. Mohammad Asifur Rahman.
DSE Director Minhaj Mannan Emon, Richard De Rosario, ICT Division Deputy General Manager ANM Hasanul Karim, Product and Market Development Division Deputy General Manager Syed Mahmud Zubair, along with senior officials from DSE and various brokerage houses, were also in attendance at the event.
It is important to highlight that the Dhaka Stock Exchange initiated the launch of an API (Application Program Interface) based BHOMS starting in 2020. Consequently, 65 brokerage firms submitted applications to the DSE to facilitate trading via their own order management systems connected to the Nasdaq Matching Engine through API. Currently, 39 brokerage firms, including 13, have achieved FIX certification. Among these, 22 brokerage firms have successfully implemented their own OMS via API connection following the receipt of FIX certification.
