DSE certifies 11 more brokerages to launch own order management systems
Certificates were handed over at a ceremony at the DSE Tower on 11 March, where DSE Managing Director Nuzhat Anwar presented the FIX certifications to representatives of the brokerage houses
The Dhaka Stock Exchange (DSE) has granted FIX certification to 11 more brokerage houses, allowing them to launch their own Order Management Systems (OMS) through API connectivity.
The firms receiving certification are NF Management Company, Akij Capital Management, Amar Securities, Commerce Bank Securities and Investment, Mona Financial Consultancy and Securities, Premier Bank Securities, Prilink Securities, Pubali Bank Securities, Remons Investment and Securities, Skyline Securities and United Securities.
Certificates were handed over at a ceremony at the DSE Tower on 11 March, where DSE Managing Director Nuzhat Anwar presented the FIX certifications to representatives of the brokerage houses.
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Speaking at the event, Nuzhat said the DSE began efforts in 2020 to introduce an API (Application Programming Interface)-based Brokerage House Order Management System (BHOMS).
The system enables brokerage firms to connect directly to the exchange's Nasdaq-powered matching engine through APIs and operate their own order management platforms.
Under the initiative, 76 brokerage houses applied to the DSE seeking API connectivity to conduct trading through proprietary OMS platforms integrated with the Nasdaq matching engine.
With the addition of the latest 11 firms, the DSE has now granted FIX certification to 58 brokerage houses in total. Of them, 44 have already launched their own OMS using API connectivity, allowing client orders to be routed directly to the exchange's trading engine.
Market officials say the adoption of API-based trading infrastructure is expected to improve efficiency, transparency and technological capacity in the country's capital market. By allowing brokerage firms to use their own OMS platforms, the system facilitates faster order execution, improved risk management and smoother integration with trading systems.
The move is also part of broader efforts by the DSE to modernise market infrastructure following the introduction of the Nasdaq trading platform.
