Bangladesh Securities and Exchange Commission on Sunday formed a three-member committee to look into repeated technical glitches of the Dhaka Stock Exchange’s trading software MSA Plus since its lunching in June last year.
The committee will be headed by DSE executive director Anowarul
Islam while executive
director Ashraful Islam and director Sheikh Mahbub ur Rahman make
the other two of the
committee.
The committee has been asked to submit its report within the next seven working days.
‘The BSEC formed the committee in a bid to find out the exact reason behind the software’s technical glitches and the subsequent interruption in trading,’ BSEC executive director Saifur Rahman told New Age.
The commission had asked the DSE to solve the problem and it also served a show cause notice on the bourse’s former chief executive officer for the same reason, but the problem still remains unsolved, said a BSEC source.
DSE on June 10 last year introduced the online-based trading system, but the MSA Plus software failed to cheer the investors as its operational flaws delayed trading
for one hour on two separate occasions when
new companies debuted on the bourse late last
year.
On Wednesday, Orion Pharma made its debut on DSE, but the software failed to process the buy and sell orders. (Source)
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