Dhaka Stock Exchange signs deal for strong market surveillance

Dhaka Stock Exchange Sunday inked an agreement with Trapets AB and CIBL Technology Consultants Ltd to install modern market surveillance software at the country’s largest bourse. DSE chief executive officer Musharraf M Hussain and Trapets AB chairman Gunnar Wexell signed the deal for their respective sides at DSE premises in the city. Trapets AB is an expert company specialised in systems for automatic transaction surveillance and compliance for the global finance industry, said the company sources.

Headquartered in Bangladesh – CIBL Technology Consultants Limited (CIBL) is a strictly quality-driven software development and support, system integration and related IT services specialist with major domain focus on the banking and financial services and eGovernance.

Trapets has developed the surveillance and compliance platform InstantWatch, which is one of the most modern, powerful and user friendly platforms for automatic surveillance and compliance in the world, the company said.

The system analyses flows of transactions in real time, for example, trades, orders and prices from stock exchanges, and alerts according to a configurable rule system.

Securities and Exchange Commission chose Trapets’ InstantWatch to ensure modern market surveillance at DSE.

“We have made this deal to upgrade the surveillance system at DSE,” said DSE president Rakibur Rahman.

After installation of new software, the market monitoring and surveillance would become stronger, he expected.

ASM Khairuzzaman, chief technology officer of DSE, also hoped that the new software would improve the market surveillance system.

DSE senior vice-president Ahmad Rashid Lali, chief executive officer Musharraf M Hussain and chief financial officer Shuvra Kanti Chowdhury, among other high officials, were also present at the signing ceremony.