DSE grants FIX certification to 13 more brokerage houses
Speaking at the ceremony, the chairman said DSE is working collectively to develop the capital market, and its positive impact is already visible in trading activities.
The Dhaka Stock Exchange (DSE) has awarded FIX certification to 13 more brokerage houses, enabling them to connect their own Order Management Systems (OMS) directly to the DSE's trading engine through API connectivity.
The certificates were handed over by DSE Chairman Mominul Islam at a ceremony today (28 August) at the stock exchange's Training Academy.
The certification, a prerequisite for brokerage houses, verifies compliance with the Financial Information Exchange (FIX) protocol – a universal standard for electronic financial trading and communication – which the DSE adopted as part of its modernisation efforts.
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Speaking at the ceremony, the chairman said DSE is working collectively to develop the capital market, and its positive impact is already visible in trading activities.
"We are also assisting those brokerage houses that have not yet received FIX certification due to various challenges," he added.
The newly certified brokerage houses are: Apex Investment, Bank Asia Securities, EBL Securities, Green Delta Securities, ICB Securities Trading Company, Islami Bank Securities, NLI Securities, NRBC Bank Securities, One Securities, SBAC Bank Investment, Shahjalal Islami Bank Securities, Smart Share and Securities, and UCB Stock Brokerage.
DSE Acting Managing Director Mohammad Asadur Rahman, UCB Stock Brokerage Managing Director Mohammad Rahmat Pasha, and DSE Chief Technology Officer Dr Mohammad Asifur Rahman also spoke at the event.
DSE directors Minhaj Mannan Emon and Richard D' Rozario, along with senior DSE officials ANM Hasanul Karim and Saiyid Mahmud Zubair, and top executives from various brokerage houses, were also present.
The DSE launched its API-based Broker House Order Management System (BHOMS) project in 2020. The system allows brokerage houses to connect directly to the Nasdaq Matching Engine and conduct trades using their own OMS.
So far, 65 brokerage houses have applied for API connectivity. With the latest certifications, 39 houses have been approved, of which 22 are already conducting trades through API connections.
The DSE expects that this initiative will enhance technological capacity, improve transparency, and deliver more efficient services to investors in the country's capital market.
