Written by The Banking Post
The Dhaka Stock Exchange (DSE) has awarded FIX (financial information exchange) certification to 13 more brokerage houses, as part of its drive to enable firms to operate their own order management systems (OMS) through API connectivity.
The certificates were handed over at a ceremony at the DSE Training Academy on Thursday, where DSE Chairman Mominul Islam called on all brokerage firms to adopt the system.
“We are trying to bring all brokerage firms under FIX certification. For those who are yet to adopt this system, the DSE will provide the necessary support,” said Mr Islam, adding that wider adoption would significantly enhance customer services.
Boost to trading operations
Under the new arrangement, TREC (trading rights entitlement certificate) holders with in-house OMS can process trades more efficiently, manage multiple investor portfolios more accurately, and reduce reliance on the bourse’s central system.
Previously, all transactions were executed through a central OMS linked to the DSE’s matching engine. Now, brokerage houses with FIX-certified systems enjoy direct access to their OMS while still connected to the exchange, easing the load on the central platform.
Newly certified firms
The 13 brokerage houses that received certification are: Apex Investment, Bank Asia Securities, GreenDelta Securities, ICB Securities Trading Company, EBL Securities, Islami Bank Securities, NLI Securities, NRBC Bank Securities, One Securities, SBAC Bank Investment, Shahjalal Islami Bank Securities, Smart Share & Securities, and UCB Stock Brokerage.
Growing adoption since 2020
The DSE introduced API-based Broker House Order Management Systems (BHOMS) in 2020. Since then, 65 firms have applied to connect with the NASDAQ Matching Engine. With the latest additions, a total of 39 brokerage houses have received FIX certification, of which 22 are already operating their own OMS.
Leading players including LankaBangla Securities, City Brokerage, Shanta Securities, BRAC EPL Stock Brokerage, and Royal Capital have already rolled out their own systems to strengthen trading operations and improve client service.
