The Dhaka Stock Exchange on Thursday awarded financial information exchange certification, or FIX certification, to three brokerage houses to help them offer value-added services to their investors.
The brokerage houses are Bank Asia Securities Limited, Green Delta Securities Limited and NBL Securities Limited.
DSE chief regulatory officer Khairul Bashar Abu Taher Mohammed and general manager and chief operating officer Md Samiul Islam handed over the awards to the firms at the DSE head office in the capital Dhaka.
Bank Asia Securities Limited鈥檚 chief executive officer Sumon Das, Green Delta Securities Limited鈥檚 managing director and chief executive officer Wafi Shafique Menhaz Khan and NBL Securities Limited鈥檚 MD Zobayed Al-Mamun Hasan received the FIX certifications.
The FIX certification will enable these brokerage houses to install their own order management system for the convenience of the investors.
Senior officials of the DSE were also present at the event.
The Dhaka bourse took an initiative to launch application programming interface-based broker-hosted order management system in 2020.
A total of 59 brokerage houses applied to the DSE to transact through its own OMS with API connectivity to Nasdaq Matching Engine.
Before Thursday, a total of 24 other brokerage houses received FIX certification, while 19 of them started trading through their own order management system or OMS.
An API-based broker-hosted order management system is a smart trading system that lets a trader鈥檚 software communicate directly with a broker鈥檚 platform to place and manage stock trades automatically.
DSE FIX Certification is a must for the brokerage firms to launch their own OMS, which can communicate with the DSE鈥檚 trading engine directly in real-time while enabling the investors to enjoy easeful and convenient trading.