Dhaka Stock Exchange (DSE) PLC handed FIX certification to 11 brokerage houses, allowing them to operate their own Order Management Systems through application programming interface connectivity with the exchange’s Nasdaq matching engine.
The certificates were presented at a programme held at the DSE Multipurpose Hall on Wednesday, the exchange said in a press release.
The newly certified brokerage houses are NF Management Company Ltd, Akij Capital Management Ltd, Amar Securities Ltd, Commerce Bank Securities and Investment Ltd, Mona Financial Consultancy and Securities Ltd, Premier Bank Securities Ltd, Prilink Securities Ltd, Pubali Bank Securities Ltd, Remons Investment and Securities Ltd, Skyline Securities Ltd and United Securities Ltd.
Dhaka Stock Exchange Managing Director Nuzhat Anwar handed over the certificates to representatives of the brokerage houses.
Among those present were Dhaka Stock Exchange Chief Operating Officer Mohammad Asadur Rahman, Chief Technology Officer Dr Md Asifur Rahman, ICT Division General Manager Md Tarikul Islam and Deputy General Manager Hasanul Karim.
The stock exchange began introducing API-based Broker House Order Management Systems in 2020, Nuzhat Anwar said.
She said 76 brokerage houses applied to connect with the Nasdaq matching engine through API integration to run trading through their own Order Management Systems.
With the latest approvals, 58 brokerage houses have received FIX certification from the exchange.
Of them, 44 brokerage houses have already launched their own systems through API connectivity and are conducting trading through those platforms.
