The Chittagong Stock Exchange (CSE) recently hosted an API Agreement Ceremony on 25 November 2024 at House# 32, Road# 9/B, Nikunja# 01, Dhaka-1229, Bangladesh involving nine (9) of its Trading Right Entitlement Certificate (TREC) holders who are the consortium members of Xpert Fintech Ltd.
The TRECs are – Bank Asia Securities Limited, EBL Securities Limited, Green Delta Securities Limited, Islami Bank Securities Limited, Monarch Holdings Limited, NLI Securities Limited, One Securities Limited, Shahjalal Islami Bank Securities Limited, UCB Stock Brokerage Limited.
UCB Stock Brokerage Managing Director Mr. Mohammad Rahmat Pasha, Chief Executive Officer of Bank Asia Securities Mr. Suman Das, Chief Executive Officer of the ONE Securities Limited Mr. Aminul Islam, Chief Executive Officer of NLI Securities Mr. Md Shaahed Imran, Managing Director and CEO Mr. Wafi Shafique Menhaz Khan, Head of Business of Green Delta Securities, Head of Business of Green Delta Securities Mr. Fakruddin Ali Ahmed Rajib, Managing Director (Acting) of EBL Securities Mr. Md. Shahryar Faiz, Chief Executive Officer (Acting) of Shahjalal Islami Bank Securities Limited (Acting) Mr. Bishnu Pada Kundu, Managing Director and CEO (Acting) of Islami Bank Securities Mr. Md Refat Hossain, and Head of Administration of Monarch Holdings Limited Mr. Kazi Farid Hasan, Managing Director of Xpert Fintech Ltd. Mr. Md. Abdul Maleque Kibria, CFO & Company Secretary of Xpert Fintech Ltd. Mr. Md. Abdur Rahman Rony FCS and Consultant of Xpert Fintech Ltd. Mr. Mohammad Ali FCA were present at the contract signing ceremony.
This initiative aims to enhance the stock market’s operational efficiency and promote seamless integration with new technology platforms. The API agreements are designed to facilitate a more automated and streamlined trading experience for brokers and investors, fostering greater transparency and efficiency in trade execution. It will enhance the overall efficiency and competitiveness of Chittagong Stock Exchanges with cost-effective manner. This development comes as part of CSE’s broader effort to modernize its trading systems and expand accessibility for market participants. By engaging nine of the TRECs in this agreement, the exchange strengthens its commitment to creating a robust financial ecosystem that supports innovation and growth.
