Loading...
The Financial Express

Trading through DSE mobile app hits three-fold high in 2017

FE Report | Published: December 31, 2017 11:54:57 | Updated: January 01, 2018 15:19:02


Photo courtesy: DSE-Mobile (Facebook) Photo courtesy: DSE-Mobile (Facebook)

The investors using DSE mobile app to conduct share transaction hit three-fold high in 2017 compared to previous year.

The number of users of the mobile app, developed by the prime bourse of the country is yet to be significant compared to total number of BO (beneficiary owner's) accounts.

According to information of Dhaka Stock Exchange (DSE), at the end of 2017, the number of active users of DSE mobile app stood at 25, 026.

At the end of 2016, there were 8,098 number of active users of DSE mobile app.

Following the popularity of DSE mobile app, the number of active users of app hit three times high in 2017 compared to previous year.

According to information of Central Depository Bangladesh Limited (CDBL), the number of active BO (beneficiary owner's) accounts stood at above 2.72 million as of December 28, 2017.

Investors having BO accounts can get registration with DSE mobile app through respective brokerage firms.

An official said the number of DSE mobile app users was very insignificant in 2016 as any system takes time to get popularity after its introduction.

"The number of DSE mobile app users observed in 2017 was three times high than 2016. The increased number of users indicates that our mobile app is gaining popularity gradually," the DSE official said.

In 2017, the investors placed above 3.5 million orders through DSE mobile app. Of the orders, above 2.2 million were executed, according to the prime bourse of the country.

DSE launched the mobile-based share trading app on March 9, 2016.

At the end of 2016, the number of users of DSE mobile app stood at 8,098.

Later, the popularity of DSE mobile app increased gradually and 9,915 new investors were registered with the DSE mobile app.

Subsequently, the number of active users of DSE mobile app stood at 18,013 as of August 31, 2017.

According to DSE statement, the premier bourse is continuously working for its infrastructure development to ease share trading process.

"The DSE mobile app came as part of ongoing reform packages undertaken by the premier bourse. As a tech-savvy bourse we want to ensure the best use of the latest technologies," said the official of the prime bourse.

mufazzal.fe@gmail.com

Share if you like