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Thursday, May 31, 2007

Khulna joins share market

The Chittagong Stock Exchange (CSE) opened its online trading in Khulna through its broker branch office ICB Securities Trading Company Limited recently as part of its nationwide expansion programme as well as to help the investors of the area. Speaking on the occasion, Chief Executive Officer (CEO) of the CSE AB Siddique said, "We have set our target for facilitating online trading service at every door in the country. Khulna has been connected to our network through digital data network under wide area network facility." CSE has already online trading facilities in Dhaka, Sylhet, Rajshahi, Barisal and Cox's Bazar, he added. He also assured the people of ensuring every effort in safeguarding investors' awareness and confidence.Speaking on the occasion, CEO of ICB Securities Trading Company Kamrul Islam Asad expressed the hope that the CSE's initiative would benefit the investors residing in Khulna as they would be able to diversify their investment in stock market."
All happening in the right direction as far as stock markets of Bangladesh are concerned. CSE has been quick in expanding its network, the way things are going, internet based trading does seem possible in near future I hope. NRBs would love the idea to be able to trade shares in the stock markets of their home country even from their cosy homes in Carolina or Sydney or Tokyo. Way to go Bangladesh!


Ayon said...

What Bangladesh need most is online trading. I do not mean trading from a merchant banker. I mean an investor should place order from his home. If online transaction system can be established our trading volume will increase to a higher extent.

Anonymous said...

I fully agree with you Ayon. That is what I meant as well. Internet-based trading will allow even rural investors to trade from a remote village, as long as there is a EDGE/GPRS enabled online computer.