DSE grants FIX certification to 13 more brokerage houses

The Dhaka Stock Exchange (DSE) has awarded FIX (financial information exchange) certification to 13 more brokerage houses under its initiative to introduce in-house order management systems (OMS) through API connectivity.

The certification ceremony was held on Thursday at the DSE Training Academy, where DSE Chairman Mominul Islam formally handed over the certificates to the recipients.

"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. He noted that the quality of customer services would be significantly enhanced if all brokerage firms gradually introduced their own OMS through API (Application Programming Interface) connections.

The DSE chairman emphasised that all stakeholders must work together for the sustainable development of the capital market, adding that the ongoing reforms are guiding the market in a positive direction.

FIX certification is a prerequisite for launching a brokerage house's own OMS. By installing their own systems, TREC (trading rights entitlement certificate) holders can process trades more quickly, manage multiple investor portfolios more accurately, and reduce reliance on the stock exchange's central system.

Previously, the DSE executed transactions only through a central OMS linked to the exchange's matching engine. With the new arrangement, TREC holders that have installed their own OMS now enjoy direct access to their systems while remaining connected to the DSE server. This innovation has also helped reduce the load on the Dhaka bourse's central trading system.

The newly certified brokerage houses 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.

The DSE launched its initiative to introduce API-based Broker House Order Management Systems (BHOMS) in 2020. Since then, 65 brokerage houses have applied to connect their in-house OMS with the NASDAQ Matching Engine. With Thursday's certifications, a total of 39 brokerage houses have now received FIX certification, of which 22 are already operating their own OMS.

Leading brokerage firms, including LankaBangla Securities, City Brokerage, Shanta Securities, BRAC EPL Stock Brokerage, and Royal Capital, have already installed their own OMS to strengthen operations and improve customer service.

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